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.
- Missing deadline to reapply to remain on the Platform convincing panel
- Platform may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Recurring delays in post completion requirements set by Platform
- Failure to act in accordance with the Platform panel requirements, the written instructions that Platform provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Platform may subsequently adopt.
Common questions about Platform conveyancing panel reinstatement
- Is there a fee to be reinstated onto the Platform conveyancing panel?
- Can we act for Platform while the appeal for reinstatement on the Platform panel is being reviewed? How do I discover if our reinstatement appeal to the Platform panel is accepted?
- How long does the application process take when applying to revert back onto the Platform conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is refused?
- Is there a limit to the amount of times my law firm 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.