Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Perenna convincing panel
- Your law firm fails to meet the criteria to remain on the Perenna conveyancing panel
- Recurring delays in registering a charge 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.
- Failure to act in accordance with the Perenna panel requirements, the written instructions that Perenna give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Perenna may subsequently subscribe.
- Significant non-compliance with post completion requirements set by Perenna
Common questions about Perenna conveyancing panel reinstatement
- Are you able to explain why my firm’s application for reinstatement was declined?
- What are our options if our reinstatement panel submission with Perenna is turned down?
- Am I restricted as to the amount of times my practice can submit applications to get back on the Perenna conveyancing panel?
- What will happen if our Perenna panel reinstatement application is turned down and the client of the firm has a mortgage application with the Perenna?
- Is there a fee to be reinstated 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 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 Perenna conveyancing panel.