Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- Breaches of Vida Homeloans conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the Vida Homeloans conveyancing panel
- Non-compliance 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 subscribe.
- Recurring non-compliance with post completion requirements on behalf of Vida Homeloans
- Vida Homeloans 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.
Vida Homeloans panel reinstatement : You have questions, we have answers
- What is the application process to revert back onto the Vida Homeloans conveyancing panel?
- Is there a charge to revert back onto the Vida Homeloans conveyancing panel?
- How often will this firm be required to re-apply to remain on the Vida Homeloans conveyancing panel?
- Is there a limit to the number of times my practice can apply to be reinstated on the Vida Homeloans conveyancing panel?
- Who should sign the reinstatement application to the Vida Homeloans panel ?
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 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 Vida Homeloans conveyancing panel.