Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent delays in post completion requirements on behalf of Perenna
- Breaches of Perenna conveyancing panel Terms and Conditions
- Your law firm no longer meets the criteria to remain on the Perenna conveyancing panel
- Persistent 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.
Answers to Frequently asked questions concerning Perenna panel reinstatement
- Do any avenues remain open if our reinstatement panel application with Perenna is rejected?
- Is there a limit to the amount of occasions my law firm can submit applications to get back on the Perenna conveyancing panel?
- What happens if our Perenna panel reinstatement application is declined and the client of the firm has a mortgage application with the Perenna?
- Can we act for Perenna while the appeal for reinstatement on the Perenna panel is being processed? How do I find out if our reinstatement appeal to the Perenna panel is accepted?
- Is there a fee 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.