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

  • Your practice fails to meet the criteria to remain on the Vida Homeloans conveyancing panel
  • Vida Homeloans 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.
  • Failure to act in accordance with the Vida Homeloans panel terms, the written instructions that Vida Homeloans provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Vida Homeloans may subsequently subscribe.
  • Recurring 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.
  • Failure to reapply to be on the Vida Homeloans convincing panel

Vida Homeloans panel reinstatement : questions that we get asked

  • Can we act for Vida Homeloans while the application for reinstatement on the Vida Homeloans panel is being assessed? How do I know if our reinstatement appeal to the Vida Homeloans panel is accepted?
  • Is it possible to find out this practice’s application for reinstatement was declined?
  • Please can you set out the application procedures to revert back onto the Vida Homeloans conveyancing panel?
  • How long does the application process take when applying to be reinstated onto the Vida Homeloans conveyancing panel?
  • What will happen if our Vida Homeloans panel reinstatement application is refused and our client has a mortgage application 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.

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