Removal from the Investec and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Investec conveyancing panel
- Non-compliance with the Investec panel terms, the written instructions that Investec provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Investec may subsequently adopt.
- Significant delays in registering security on behalf of Investec Delays or failure to register the Investec charge may result in referral to external lawyers of Investec to complete outstanding requirements.
- Recurring delays in post completion requirements set by Investec
- Missing deadline to reapply to be on the Investec convincing panel
Top questions concerning Investec panel reinstatement
- How often will this firm be required to re-apply to remain on the Investec conveyancing panel?
- What times frames are involved when applying to revert back onto the Investec conveyancing panel?
- What are the consequences if our Investec panel reinstatement application is turned down and the client of the firm has a mortgage application with the Investec?
- Does the COLP in my firm need to complete the reinstatement application to the Investec panel ?
- Is there a limit to the number of times my law firm can submit applications to be reinstated on the Investec conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Investec panel reinstatement is to ensure that your firm is not removed off of the Investec 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 Investec conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Investec directly or via their preferred 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 Investec conveyancing panel.