Removal from the Landmark and other lender panels: Why they do it and how to get reinstated
- Landmark 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 delays in registering security on behalf of Landmark Delays or failure to register the Landmark charge may result in referral to external lawyers of Landmark to complete outstanding requirements.
- Non-compliance with the Landmark panel requirements, the written instructions that Landmark provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Landmark may subsequently adopt.
- Your law firm fails to meet the criteria to remain on the Landmark conveyancing panel
- Breaches of Landmark conveyancing panel Terms and Conditions
Frequently asked questions concerning Landmark panel reinstatement
- Can we appeal if our application for reinstatement is turned down?
- Does my practice need to apply annually to remain on the Landmark conveyancing panel?
- Please can you set out the application protocol to revert back onto the Landmark conveyancing panel?
- Is there a fee to revert back onto the Landmark conveyancing panel?
- What are the next steps open to me if our Landmark panel reinstatement application is refused and the client of the firm has a mortgage application with the Landmark?
Top Tip: The best way to avoid the hassle of seeking Landmark panel reinstatement is to ensure that your firm is not removed off of the Landmark 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 Landmark conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Landmark 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 Landmark conveyancing panel.