Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of LendInvest
- Your firm no longer meets the criteria to remain on the LendInvest conveyancing panel
- Failure to reapply to be on the LendInvest convincing 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.
- Breaches of LendInvest conveyancing panel Terms and Conditions
Answers to Frequently asked questions concerning LendInvest panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the LendInvest panel ?
- What times frames are involved when applying to be reinstated onto the LendInvest conveyancing panel?
- Is there a cost to be reinstated onto the LendInvest conveyancing panel?
- What will happen if our LendInvest panel reinstatement application is declined and the client of the firm has a mortgage application with the LendInvest?
- Please can you set out the application process 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 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 LendInvest conveyancing panel.