Removal from the LendInvest and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by LendInvest
- Your firm fails to meet the criteria to remain on the LendInvest conveyancing panel
- Breaches of LendInvest conveyancing panel requirements
- 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.
- Failure to act in accordance 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 adopt.
Questions LendInvest panel reinstatement firms ask us
- Are you able to explain why my firm’s application for reinstatement is turned down?
- Am I restricted as to the number of times my practice can apply to get back on the LendInvest conveyancing panel?
- Is there a charge to revert back onto the LendInvest conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with LendInvest is declined?
- What times frames are involved when applying to be reinstated onto the LendInvest conveyancing 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 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.