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 provides false answers in its application form or in relation to any future requests for information.
- 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 adopt.
- Your practice no longer meets the criteria to remain on the Legal & General Home Finance conveyancing panel
- Recurring non-compliance with post completion requirements set by Legal & General Home Finance
- Breaches of Legal & General Home Finance conveyancing panel requirements
Frequently asked questions concerning Legal & General Home Finance panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel submission with Legal & General Home Finance is rejected?
- Is it the practice manager who is required to complete the reinstatement application to the Legal & General Home Finance panel ?
- How often will this firm be required to re-apply to remain on the Legal & General Home Finance conveyancing panel?
- What are the consequences if our Legal & General Home Finance panel reinstatement application is refused and the client of the firm has a mortgage application with the Legal & General Home Finance?
- How long does the application process take when applying to be reinstated onto 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 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.