Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the Perenna convincing panel
- 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.
- Your practice fails to meet the criteria to remain on the Perenna conveyancing panel
- Breaches of Perenna conveyancing panel Terms and Conditions
- 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.
Perenna panel reinstatement : questions that we get asked
- How long does the application process take when applying to be reinstated onto the Perenna conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Perenna panel ?
- 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 rejected?
- What are the consequences if our Perenna panel reinstatement application is turned down and the client of the firm has a mortgage application with the Perenna?
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.