Removal from the Legal & General Home Finance and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of Legal & General Home Finance
- 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.
- Failure to reapply to remain on the Legal & General Home Finance convincing panel
- Breaches of Legal & General Home Finance conveyancing panel requirements
- 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.
Frequently asked questions concerning Legal & General Home Finance panel reinstatement
- What is the application procedures to revert back onto the Legal & General Home Finance conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Legal & General Home Finance conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Legal & General Home Finance conveyancing panel?
- Can we act for Legal & General Home Finance while the application for reinstatement on the Legal & General Home Finance panel is being processed? How do I know if our reinstatement application to the Legal & General Home Finance panel is approved?
- What are the next steps open to me if our Legal & General Home Finance panel reinstatement application is turned down and our client has a mortgage offer with the Legal & General Home Finance?
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.