Legal & General Home Finance panel reinstatement guidance - Here to help

Top reasons legal practices require reinstatement onto the Legal & General Home Finance conveyancing panel

  1. Persistent delays in registering security on behalf of Legal & General Home Finance Delays or failure to register the Legal & General Home Finance charge may result in referral to external lawyers of Legal & General Home Finance to complete outstanding requirements.
  2. Breaches of Legal & General Home Finance conveyancing panel Terms and Conditions
  3. Legal & General Home Finance may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  4. Persistent delays in post completion requirements set by Legal & General Home Finance
  5. Failure to act in accordance with the Legal & General Home Finance panel requirements, the written instructions that Legal & General Home Finance provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Legal & General Home Finance may subsequently subscribe.

Legal & General Home Finance panel reinstatement: Five Common Questions

  1. What are the consequences if our Legal & General Home Finance panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Legal & General Home Finance?
  2. To what extent is my firm permanently excluded if our reinstatement panel submission with Legal & General Home Finance is declined?
  3. How do I discover why this practice’s application for reinstatement was refused?
  4. Please can you set out the application process to revert back onto the Legal & General Home Finance conveyancing panel?
  5. Does the COLP in my firm need to complete the reinstatement application to the Legal & General Home Finance panel ?

Top Tip: The best way to avoid the hassle of seeking Legal & General Home Finance panel reinstatement is to ensure that your firm is not removed off of the Legal & General Home 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 Legal & General Home Finance conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Legal & General Home Finance 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 Legal & General Home Finance conveyancing panel.