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 terms, 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 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.
- Breaches of Perenna conveyancing panel Terms and Conditions
- Your firm fails to meet the criteria to remain on the Perenna conveyancing panel
- Significant non-compliance with post completion requirements set by Perenna
Perenna panel reinstatement : questions that we get asked
- Is it the practice manager who is required to sign the reinstatement application to the Perenna panel ?
- What times frames are involved when applying to be reinstated onto the Perenna conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is refused?
- How often will this firm be required to re-apply to be reinstated on the Perenna conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Perenna is turned down?
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.