Removal from the Legal & General Home Finance and other lender panels: Why they do it and how to get reinstated
- Legal & General Home 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 registering a charge 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.
- Missing deadline to reapply to be on the Legal & General Home Finance convincing panel
- Your firm no longer meets the criteria to remain on the Legal & General Home Finance conveyancing panel
- Recurring delays in post completion requirements set by Legal & General Home Finance
Legal & General Home Finance panel reinstatement: Five Common Questions
- Does my practice need to apply annually to remain on the Legal & General Home Finance conveyancing panel?
- Is there a limit to the number of occasions my firm can apply to be reinstated on 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?
- What are the next steps open to me if our Legal & General Home Finance panel reinstatement application is refused and our client has a mortgage offer with the Legal & General Home Finance?
- 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.