Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Breaches of LendInvest conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements set by LendInvest
- Missing deadline to reapply to remain on the LendInvest convincing panel
- Your law firm fails to meet the criteria to remain on the LendInvest conveyancing panel
- 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.
LendInvest panel reinstatement: Five Common Questions
- Please can you set out the application protocol to revert back onto the LendInvest conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with LendInvest is declined?
- What are the consequences if our LendInvest panel reinstatement application is refused and our client has a mortgage application with the LendInvest?
- Does the COLP in my firm need to complete the reinstatement application to the LendInvest panel ?
- Can this firm act for LendInvest while the application for reinstatement on the LendInvest panel is being progressed? How do I know if our reinstatement application 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.