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

  • Significant 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.
  • Failure to act in accordance with the Platform panel requirements, 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 subscribe.
  • Persistent delays in post completion requirements on behalf of Platform
  • 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.
  • Your practice no longer meets the criteria to remain on the Platform conveyancing panel

Platform Conveyancing Panel Reinstatement: Common Questions

  • Who should sign the reinstatement application to the Platform panel ?
  • Does my practice need to apply annually to be reinstated on the Platform conveyancing panel?
  • Can we appeal if this practice’s application for reinstatement is rejected?
  • What happens if our Platform panel reinstatement application is declined and our client has a mortgage offer with the Platform?
  • Please can you set out the application protocol to revert back 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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