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 adopt.
- Breaches of Legal & General Home Finance conveyancing panel requirements
- Your practice no longer meets the criteria to remain on the Legal & General Home Finance conveyancing panel
- Failure to reapply to be on the Legal & General Home Finance convincing panel
- 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.
Common questions about Legal & General Home Finance conveyancing panel reinstatement
- What times frames are involved when applying to revert back onto 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 progressed? How do I discover if our reinstatement appeal to the Legal & General Home Finance panel is approved?
- What are the consequences if our Legal & General Home Finance panel reinstatement application is declined and the client of the firm has a mortgage offer with the Legal & General Home Finance?
- Am I restricted as to the number of times my practice can apply to get back on 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?
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.