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.
- Significant non-compliance with post completion requirements on behalf of LendInvest
- Your law firm fails to meet the criteria to remain on the LendInvest conveyancing panel
- Breaches of LendInvest conveyancing panel Terms and Conditions
- 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 subscribe.
LendInvest panel reinstatement : You have questions, we have answers
- Is the door firmly shut if my firm’s reinstatement panel submission with LendInvest is refused?
- Is there a cost to be reinstated onto the LendInvest conveyancing panel?
- Can we act for LendInvest while the appeal for reinstatement on the LendInvest panel is being assessed? How do I find out if our reinstatement appeal to the LendInvest panel is approved?
- What will happen if our LendInvest panel reinstatement application is refused and the client of the firm has a mortgage application with the LendInvest?
- Is it the practice manager who is required to complete the reinstatement application to the LendInvest 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.