Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the LendInvest conveyancing panel
- Breaches of LendInvest conveyancing panel Terms and Conditions
- Failure to act in accordance with the LendInvest panel requirements, 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 set by 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.
Frequently asked questions concerning LendInvest panel reinstatement
- Am I restricted as to the amount of times my firm can submit applications to be reinstated on the LendInvest conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the LendInvest panel ?
- Can we act for LendInvest while the application for reinstatement on the LendInvest panel is being assessed? How do I know if our reinstatement application to the LendInvest panel is approved?
- What will happen if our LendInvest panel reinstatement application is declined and our client has a mortgage offer with the LendInvest?
- 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.