Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Vida Homeloans conveyancing panel
- Failure to act in accordance with the Vida Homeloans panel requirements, 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 adopt.
- 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.
- 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.
- Persistent non-compliance with post completion requirements on behalf of Vida Homeloans
Vida Homeloans Conveyancing Panel Reinstatement: Common Questions
- What times frames are involved when applying to be reinstated onto the Vida Homeloans conveyancing panel?
- Can you outline the application process to be reinstated onto the Vida Homeloans conveyancing panel?
- Is there a fee to revert back onto the Vida Homeloans conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Vida Homeloans panel ?
- How often will this firm be required to re-apply to be reinstated on 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 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.