Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to remain on the LendInvest convincing panel
  • Non-compliance with the LendInvest panel terms, the written instructions that LendInvest provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which LendInvest may subsequently subscribe.
  • Persistent non-compliance with post completion requirements on behalf of LendInvest
  • LendInvest 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.
  • Your practice no longer meets the criteria to remain on the LendInvest conveyancing panel

Top questions concerning LendInvest panel reinstatement

  • Does my practice need to apply annually to be reinstated on the LendInvest conveyancing panel?
  • What are our options if my firm’s reinstatement panel application with LendInvest is rejected?
  • Does the COLP in my firm need to complete the reinstatement application to the LendInvest panel ?
  • Is there a limit to the amount of times my law firm can apply to be reinstated on the LendInvest conveyancing panel?
  • Can this firm act for LendInvest while the appeal for reinstatement on the LendInvest panel is being progressed? How do I know if our reinstatement appeal to the LendInvest panel is accepted?

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.

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