Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Missing deadline to reapply to remain on the Perenna convincing panel
- Your firm no longer meets the criteria to remain on the Perenna conveyancing panel
- 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.
- Perenna 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.
Perenna panel reinstatement : questions that we get asked
- Is there a cost to be reinstated onto the Perenna conveyancing panel?
- Can this firm act for Perenna while the appeal for reinstatement on the Perenna panel is being reviewed? How do I find out if our reinstatement appeal to the Perenna panel is accepted?
- What are the consequences if our Perenna panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Perenna?
- What is the application protocol to be reinstated onto the Perenna conveyancing panel?
- Am I restricted as to the number of times my firm can submit applications to get back on 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.