Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- 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.
- Non-compliance 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.
- Persistent 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.
- Your practice no longer meets the criteria to remain on the Perenna conveyancing panel
- Persistent non-compliance with post completion requirements set by Perenna
Common questions about Perenna conveyancing panel reinstatement
- How long does the application process take when applying to be reinstated onto the Perenna conveyancing panel?
- Can we act for Perenna while the application for reinstatement on the Perenna panel is being reviewed? How do I know if our reinstatement application to the Perenna panel is approved?
- What will happen if our Perenna panel reinstatement application is turned down and our client has a mortgage offer with the Perenna?
- Does my practice need to apply annually to remain on the Perenna conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Perenna is declined?
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.