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

  • Your law firm fails to meet the criteria to remain on the Vida Homeloans conveyancing panel
  • Persistent non-compliance with post completion requirements set by Vida Homeloans
  • Breaches of Vida Homeloans conveyancing panel requirements
  • Failure to act in accordance with the Vida Homeloans panel terms, the written instructions that Vida Homeloans give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Vida Homeloans may subsequently adopt.
  • Significant delays in registering a charge on behalf of Vida Homeloans Delays or failure to register the Vida Homeloans charge may result in referral to external lawyers of Vida Homeloans to complete outstanding requirements.

Vida Homeloans panel reinstatement : questions that we get asked

  • Does the COLP in my firm need to complete the reinstatement application to the Vida Homeloans panel ?
  • Am I restricted as to the amount of times my law firm can submit applications to get back on the Vida Homeloans conveyancing panel?
  • What are our options if my firm’s reinstatement panel application with Vida Homeloans is rejected?
  • What are the next steps open to me if our Vida Homeloans panel reinstatement application is declined and our client has a mortgage offer with the Vida Homeloans?
  • How do I discover why our application for reinstatement is rejected?

Top Tip: The best way to avoid the hassle of seeking Vida Homeloans panel reinstatement is to ensure that your firm is not removed off of the Vida Homeloans 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 Vida Homeloans conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Vida Homeloans 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 Vida Homeloans conveyancing panel.

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