Removal from the Intelligent Finance and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Intelligent Finance conveyancing panel
- Intelligent Finance may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant delays in post completion requirements on behalf of Intelligent Finance
- Failure to reapply to remain on the Intelligent Finance convincing panel
- Non-compliance with the Intelligent Finance panel terms, the written instructions that Intelligent Finance provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Intelligent Finance may subsequently adopt.
Top questions concerning Intelligent Finance panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Intelligent Finance panel ?
- Can this firm act for Intelligent Finance while the application for reinstatement on the Intelligent Finance panel is being reviewed? How do I find out if our reinstatement appeal to the Intelligent Finance panel is approved?
- Is the door firmly shut if our reinstatement panel submission with Intelligent Finance is declined?
- What is the application protocol to be reinstated onto the Intelligent Finance conveyancing panel?
- What happens if our Intelligent Finance panel reinstatement application is refused and the client of the firm has a mortgage application with the Intelligent Finance?
Top Tip: The best way to avoid the hassle of seeking Intelligent Finance panel reinstatement is to ensure that your firm is not removed off of the Intelligent Finance conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Intelligent Finance conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Intelligent Finance directly or via their appointed panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Intelligent Finance conveyancing panel.