Removal from the Platform and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Breaches of Platform conveyancing panel requirements
- 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 subscribe.
- Failure to reapply to remain on the Platform convincing panel
- Your law firm fails to meet the criteria to remain on the Platform conveyancing panel
Frequently asked questions concerning Platform panel reinstatement
- Do any avenues remain open if our reinstatement panel submission with Platform is refused?
- 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 approved?
- What times frames are involved when applying to be reinstated onto the Platform conveyancing panel?
- How do I discover why my firm’s application for reinstatement was rejected?
- What are the next steps open to me if our Platform panel reinstatement application is refused and our client has a mortgage application with the Platform?
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 appointed 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.