Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Breaches of Platform conveyancing panel Terms and Conditions
- Persistent delays in registering security on behalf of Platform Delays or failure to register the Platform charge may result in referral to external lawyers of Platform to complete outstanding requirements.
- Significant delays in post completion requirements set by Platform
- Your practice no longer meets the criteria to remain on the Platform conveyancing panel
- Non-compliance with the Platform panel requirements, the written instructions that Platform give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Platform may subsequently adopt.
Common questions about Platform conveyancing panel reinstatement
- What times frames are involved when applying to revert back onto the Platform conveyancing panel?
- Can we appeal if our application for reinstatement was refused?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Platform is refused?
- Can we act for Platform while the appeal for reinstatement on the Platform panel is being reviewed? How do I know if our reinstatement appeal to the Platform panel is approved?
- Am I restricted as to the amount of times my firm can apply to be reinstated on the Platform conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Platform panel reinstatement is to ensure that your firm is not removed off of the Platform 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 Platform conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Platform 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 Platform conveyancing panel.