Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Your practice no longer meets the criteria to remain on the LendInvest conveyancing 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.
- Recurring non-compliance with post completion requirements set by LendInvest
- Breaches of LendInvest conveyancing panel Terms and Conditions
Top questions concerning LendInvest panel reinstatement
- Is there a limit to the number of occasions my practice can apply to get back on the LendInvest conveyancing panel?
- What times frames are involved when applying to be reinstated onto the LendInvest conveyancing panel?
- How often will this firm be required to re-apply to remain on the LendInvest conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was turned down?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with LendInvest is refused?
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.