Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- 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.
- Your law firm no longer meets the criteria to remain on the Vida Homeloans conveyancing panel
- Significant delays in post completion requirements on behalf of Vida Homeloans
- Failure to reapply to be on the Vida Homeloans convincing 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.
Vida Homeloans panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to remain on the Vida Homeloans conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is rejected?
- Can this firm act for Vida Homeloans while the appeal for reinstatement on the Vida Homeloans panel is being progressed? How do I discover if our reinstatement appeal to the Vida Homeloans panel is approved?
- Is the door firmly shut if our reinstatement panel submission with Vida Homeloans is rejected?
- Is there a cost to be reinstated onto the Vida Homeloans conveyancing 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 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.