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
- Failure to reapply to be on the LendInvest convincing panel
- Your practice fails to meet the criteria to remain on the LendInvest conveyancing panel
- 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.
- Persistent delays in registering a charge 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.
Common questions about LendInvest conveyancing panel reinstatement
- Is there a charge to revert back onto the LendInvest conveyancing panel?
- What happens if our LendInvest panel reinstatement application is turned down and the client of the firm has a mortgage offer with the LendInvest?
- How often will this firm be required to re-apply to remain on the LendInvest conveyancing panel?
- How long does the application process take when applying to revert back onto the LendInvest conveyancing panel?
- Can you outline the application procedures 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.