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 law firm 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Vida Homeloans may subsequently adopt.
- Breaches of Vida Homeloans conveyancing panel requirements
- Significant 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 panel reinstatement : questions that we get asked
- Do any avenues remain open if our reinstatement panel submission with Vida Homeloans is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Vida Homeloans panel ?
- Is there a charge to be reinstated onto the Vida Homeloans conveyancing panel?
- Can we act for Vida Homeloans while the application for reinstatement on the Vida Homeloans panel is being reviewed? How do I find out if our reinstatement appeal to the Vida Homeloans panel is accepted?
- What is the application procedures 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 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.