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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which LendInvest may subsequently adopt.
- Your practice no longer meets the criteria to remain on the LendInvest conveyancing panel
- Missing deadline to reapply to be 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.
- Persistent 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.
Answers to Frequently asked questions concerning LendInvest panel reinstatement
- Can this firm act for LendInvest while the appeal for reinstatement on the LendInvest panel is being progressed? How do I discover if our reinstatement application to the LendInvest panel is accepted?
- Is there a limit to the number of times my law firm can submit applications to get back on the LendInvest conveyancing panel?
- Is there a cost to be reinstated onto the LendInvest conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with LendInvest is turned down?
- Are you able to explain why this practice’s application for reinstatement 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.