Removal from the Vida Homeloans and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Vida Homeloans conveyancing panel
- Vida Homeloans may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Failure to reapply to be on the Vida Homeloans convincing panel
- Breaches of Vida Homeloans conveyancing panel requirements
- 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.
Questions Vida Homeloans panel reinstatement firms ask us
- Is it possible to find out this practice’s application for reinstatement was rejected?
- What happens if our Vida Homeloans panel reinstatement application is rejected and our client has a mortgage offer with the Vida Homeloans?
- What is the application process to revert back onto the Vida Homeloans conveyancing panel?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the Vida Homeloans conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Vida Homeloans 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.