Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Breaches of LendInvest conveyancing panel requirements
- Persistent delays in post completion requirements set by LendInvest
- LendInvest 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 practice no longer meets the criteria to remain on the LendInvest conveyancing panel
- Significant delays in registering security on behalf of LendInvest Delays or failure to register the LendInvest charge may result in referral to external lawyers of LendInvest to complete outstanding requirements.
Answers to Frequently asked questions concerning LendInvest panel reinstatement
- Can we appeal if our application for reinstatement is rejected?
- Please can you set out the application procedures to be reinstated onto the LendInvest conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with LendInvest is rejected?
- Is there a cost to revert back onto the LendInvest conveyancing panel?
- How long does the application process take when applying to revert back onto the LendInvest conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking LendInvest panel reinstatement is to ensure that your firm is not removed off of the LendInvest 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 LendInvest conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to LendInvest 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 LendInvest conveyancing panel.