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

  • Recurring delays in post completion requirements set by Platform
  • Failure to act in accordance with the Platform panel terms, 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.
  • 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.
  • Breaches of Platform conveyancing panel requirements
  • Failure to reapply to be on the Platform convincing panel

Common questions about Platform conveyancing panel reinstatement

  • To what extent is my firm permanently excluded if our reinstatement panel application with Platform is turned down?
  • Am I restricted as to the amount of times my firm can submit applications to be reinstated on the Platform conveyancing panel?
  • Can you outline the application process to be reinstated onto the Platform conveyancing panel?
  • Can this firm act for Platform while the application for reinstatement on the Platform panel is being processed? How do I know if our reinstatement appeal to the Platform panel is accepted?
  • What times frames are involved when applying to be reinstated onto 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.

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