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

  • 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.
  • Persistent delays in post completion requirements set by Vida Homeloans
  • Your practice no longer meets the criteria to remain on the Vida Homeloans conveyancing panel
  • Breaches of Vida Homeloans conveyancing panel Terms and Conditions
  • Failure to act in accordance 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 adopt.

Vida Homeloans panel reinstatement : You have questions, we have answers

  • Is there a charge to revert back onto the Vida Homeloans conveyancing panel?
  • How often will this firm be required to re-apply to be reinstated on the Vida Homeloans conveyancing panel?
  • What are the next steps open to me if our Vida Homeloans panel reinstatement application is turned down and the client of the firm has a mortgage application with the Vida Homeloans?
  • 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 approved?
  • Am I restricted as to the number of occasions my practice can apply to get back 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.

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