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

  • Breaches of Platform conveyancing panel Terms and Conditions
  • 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.
  • Non-compliance with the Platform panel terms, 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 adopt.
  • Persistent 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.
  • Your practice no longer meets the criteria to remain on the Platform conveyancing panel

How can we assist? Platform panel reinstatement questions

  • Can you outline the application procedures to be reinstated onto the Platform conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Platform conveyancing panel?
  • Can this firm act for Platform while the application for reinstatement on the Platform panel is being progressed? How do I discover if our reinstatement application to the Platform panel is accepted?
  • Does the COLP in my firm need to sign the reinstatement application to the Platform panel ?
  • Is there a limit to the amount of times my practice can submit applications 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.

Related Pages