Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- Breaches of Perenna conveyancing panel requirements
- Significant delays in registering security on behalf of Perenna Delays or failure to register the Perenna charge may result in referral to external lawyers of Perenna to complete outstanding requirements.
- Recurring delays in post completion requirements set by Perenna
- Perenna 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 Perenna panel requirements, the written instructions that Perenna provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Perenna may subsequently adopt.
Perenna panel reinstatement : You have questions, we have answers
- What will happen if our Perenna panel reinstatement application is declined and our client has a mortgage application with the Perenna?
- What are our options if my firm’s reinstatement panel submission with Perenna is refused?
- How often will this firm be required to re-apply to be reinstated on the Perenna conveyancing panel?
- Can we act for Perenna while the appeal for reinstatement on the Perenna panel is being assessed? How do I find out if our reinstatement application to the Perenna panel is approved?
- Is there a charge to revert back onto the Perenna conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Perenna panel reinstatement is to ensure that your firm is not removed off of the Perenna 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 Perenna conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Perenna 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 Perenna conveyancing panel.