Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Perenna conveyancing panel
- Breaches of Perenna conveyancing panel requirements
- Non-compliance 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.
- 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.
- Significant delays in post completion requirements on behalf of Perenna
Top questions concerning Perenna panel reinstatement
- Are you able to explain why our application for reinstatement was turned down?
- Am I restricted as to the amount of times my law firm can submit applications to be reinstated on the Perenna conveyancing panel?
- What is the application protocol to be reinstated onto the Perenna conveyancing panel?
- What are the consequences if our Perenna panel reinstatement application is rejected and our client has a mortgage application with the Perenna?
- Does the COLP in my firm need to sign the reinstatement application to the Perenna 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.