Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Platform convincing panel
- Failure to act in accordance 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
- Persistent delays in post completion requirements on behalf of Platform
- 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.
Platform panel reinstatement : questions that we get asked
- What are the consequences if our Platform panel reinstatement application is turned down and the client of the firm has a mortgage application with the Platform?
- How long does the application process take when applying to revert back onto the Platform conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to get back on the Platform conveyancing panel?
- How often will this firm be required to re-apply to remain on the Platform conveyancing panel?
- Can we act for Platform while the application for reinstatement on the Platform panel is being reviewed? How do I discover if our reinstatement application to the Platform panel is accepted?
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.