Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Missing deadline to reapply to remain 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 requirements
- Your firm no longer meets the criteria to remain on the LendInvest conveyancing panel
LendInvest panel reinstatement: Five Common Questions
- Does the COLP in my firm need to sign the reinstatement application to the LendInvest panel ?
- Can we act for LendInvest while the appeal for reinstatement on the LendInvest panel is being reviewed? How do I know if our reinstatement appeal to the LendInvest panel is accepted?
- Is there a charge to revert back onto the LendInvest conveyancing panel?
- What times frames are involved when applying to revert back onto the LendInvest conveyancing panel?
- What happens if our LendInvest panel reinstatement application is refused and the client of the firm has a mortgage offer with the LendInvest?
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.