Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Breaches of Platform conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the Platform conveyancing panel
- 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.
- 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.
- Persistent non-compliance with post completion requirements on behalf of Platform
Frequently asked questions concerning Platform panel reinstatement
- Does the COLP in my firm need to complete the reinstatement application to the Platform panel ?
- Is there a fee to be reinstated onto the Platform conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Platform conveyancing panel?
- Can you outline the application protocol to be reinstated onto the Platform conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Platform is turned down?
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.