Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- Breaches of Perenna conveyancing panel requirements
- 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.
- Recurring non-compliance with post completion requirements on behalf of Perenna
- 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 adopt.
- 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 panel reinstatement: Five Common Questions
- What times frames are involved when applying to be reinstated onto the Perenna conveyancing panel?
- Is there a cost to revert back onto the Perenna conveyancing panel?
- Am I restricted as to the amount of occasions my practice can apply to be reinstated on the Perenna conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Perenna is refused?
- Can you outline the application process 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.