Removal from the Platform and other lender panels: Why they do it and how to get reinstated

  • Persistent non-compliance with post completion requirements set by Platform
  • Your law firm fails to meet the criteria to remain on the Platform conveyancing panel
  • Significant 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.
  • Non-compliance with the Platform panel requirements, the written instructions that Platform provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Platform may subsequently subscribe.
  • Platform 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.

Platform panel reinstatement: Five Common Questions

  • What is the application process to revert back onto the Platform conveyancing panel?
  • Is there a limit to the amount of times my practice can apply to be reinstated on the Platform conveyancing panel?
  • Who should sign the reinstatement application to the Platform panel ?
  • Can this firm act for Platform while the application for reinstatement on the Platform panel is being progressed? How do I find out if our reinstatement application to the Platform panel is approved?
  • What are the next steps open to me if our Platform panel reinstatement application is rejected and the client of the firm has a mortgage application with the Platform?

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.

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