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
- Your practice fails to meet the criteria to remain on the LendInvest conveyancing panel
- Failure to reapply to remain on the LendInvest convincing 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.
- Non-compliance with the LendInvest panel terms, 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.
Frequently asked questions concerning LendInvest panel reinstatement
- Can you outline the application procedures to be reinstated onto the LendInvest conveyancing panel?
- Am I restricted as to the amount of occasions my firm can apply to get back on the LendInvest conveyancing panel?
- Is there a fee to be reinstated 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?
- To what extent is my firm permanently excluded if our reinstatement panel submission 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.