Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the LendInvest panel requirements, the written instructions that LendInvest give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which LendInvest may subsequently subscribe.
- Your practice fails to meet the criteria to remain on the LendInvest conveyancing panel
- 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.
- Breaches of LendInvest conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements set by LendInvest
FAQs : LendInvest Conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the LendInvest conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with LendInvest is declined?
- Does the COLP in my firm need to complete the reinstatement application to the LendInvest panel ?
- Can we appeal if this practice’s application for reinstatement is turned down?
- Please can you set out the application procedures to be reinstated 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.