Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring delays in registering security 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.
- Recurring non-compliance with post completion requirements on behalf of LendInvest
- Breaches of LendInvest conveyancing panel requirements
- Non-compliance 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 adopt.
How can we assist? LendInvest panel reinstatement questions
- Can you outline the application process to revert back onto the LendInvest conveyancing panel?
- Does my practice need to apply annually to be reinstated on the LendInvest conveyancing panel?
- How long does the application process take when applying to revert back 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 offer with the LendInvest?
- What are our options if my firm’s reinstatement panel application with LendInvest is rejected?
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.