Removal from the Perenna and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Perenna conveyancing panel Terms and Conditions
- Failure to act in accordance with the Perenna panel terms, 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.
- Your firm no longer meets the criteria to remain on the Perenna conveyancing panel
- 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.
Perenna panel reinstatement : questions that we get asked
- Can we act for Perenna while the appeal for reinstatement on the Perenna panel is being assessed? How do I discover if our reinstatement appeal to the Perenna panel is approved?
- What happens if our Perenna panel reinstatement application is turned down and the client of the firm has a mortgage application with the Perenna?
- How often will this firm be required to re-apply to remain on the Perenna conveyancing panel?
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the Perenna conveyancing panel?
- Is the door firmly shut 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.