Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- 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.
- Your practice no longer meets the criteria to remain on the Vida Homeloans conveyancing panel
- 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.
- 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.
- Failure to reapply to remain on the Vida Homeloans convincing panel
Top questions concerning Vida Homeloans panel reinstatement
- What happens if our Vida Homeloans panel reinstatement application is rejected and the client of the firm has a mortgage application with the Vida Homeloans?
- Does my practice need to apply annually to remain on the Vida Homeloans conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is rejected?
- Is there a cost to revert back onto the Vida Homeloans conveyancing panel?
- How long does the application process take when applying to revert back 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 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.