Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Platform convincing panel
- Your practice fails to meet the criteria to remain on the Platform conveyancing panel
- Non-compliance with the Platform panel terms, 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.
- Breaches of Platform conveyancing panel requirements
- Platform 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.
Frequently asked questions concerning Platform panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel application with Platform is rejected?
- What are the consequences if our Platform panel reinstatement application is refused and our client has a mortgage application with the Platform?
- Can we act for Platform while the application for reinstatement on the Platform panel is being processed? How do I find out if our reinstatement application to the Platform panel is accepted?
- Can we appeal if our application for reinstatement is refused?
- Am I restricted as to the amount of times my practice can apply to get back 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 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.