Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Vida Homeloans panel requirements, 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.
- Recurring delays in post completion requirements on behalf of Vida Homeloans
- Breaches of Vida Homeloans conveyancing panel requirements
- Failure to reapply to remain on the Vida Homeloans convincing panel
- Persistent delays in registering security 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
- Is it the practice manager who is required to sign the reinstatement application to the Vida Homeloans panel ?
- How do I discover why my firm’s application for reinstatement was turned down?
- How often will this firm be required to re-apply to be reinstated on the Vida Homeloans conveyancing panel?
- What times frames are involved when applying to revert back onto the Vida Homeloans conveyancing panel?
- What will happen if our Vida Homeloans panel reinstatement application is refused and our client has a mortgage offer with the Vida Homeloans?
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.