Removal from the Precise and other lender panels: Why they do it and how to get reinstated
- Precise 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.
- Breaches of Precise conveyancing panel Terms and Conditions
- Non-compliance with the Precise panel terms, the written instructions that Precise give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Precise may subsequently adopt.
- Persistent delays in post completion requirements set by Precise
- Failure to reapply to remain on the Precise convincing panel
FAQs : Precise Conveyancing panel reinstatement
- Are you able to explain why our application for reinstatement is turned down?
- Can this firm act for Precise while the application for reinstatement on the Precise panel is being reviewed? How do I discover if our reinstatement application to the Precise panel is approved?
- Does the COLP in my firm need to complete the reinstatement application to the Precise panel ?
- What are our options if our reinstatement panel application with Precise is rejected?
- What times frames are involved when applying to revert back onto the Precise conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Precise panel reinstatement is to ensure that your firm is not removed off of the Precise 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 Precise conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Precise 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 Precise conveyancing panel.