Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Platform conveyancing panel
- Recurring delays in registering a charge 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.
- Persistent non-compliance with post completion requirements set by Platform
- 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 adopt.
- 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.
Questions Platform panel reinstatement firms ask us
- How often will this firm be required to re-apply to be reinstated on the Platform conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Platform is turned down?
- What are the consequences if our Platform panel reinstatement application is declined and the client of the firm has a mortgage offer with the Platform?
- What times frames are involved when applying to be reinstated onto the Platform conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement was declined?
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 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 Platform conveyancing panel.