Removal from the Legal & General Home Finance and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Legal & General Home Finance panel requirements, the written instructions that Legal & General Home Finance give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Legal & General Home Finance may subsequently subscribe.
- Failure to reapply to remain on the Legal & General Home Finance convincing panel
- 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.
- Your firm fails to meet the criteria to remain on the Legal & General Home Finance conveyancing panel
- Recurring non-compliance with post completion requirements on behalf of Legal & General Home Finance
Top questions concerning Legal & General Home Finance panel reinstatement
- What happens if our Legal & General Home Finance panel reinstatement application is rejected and the client of the firm has a mortgage application with the Legal & General Home Finance?
- What is the application protocol to be reinstated onto the Legal & General Home Finance conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Legal & General Home Finance conveyancing panel?
- Who should sign the reinstatement application to the Legal & General Home Finance panel ?
- How often will this firm be required to re-apply to be reinstated on the Legal & General Home Finance conveyancing 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 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 Legal & General Home Finance conveyancing panel.