LendInvest Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by LendInvest and to assist in remaining on the LendInvest Conveyancing Panel.

LendInvest Conveyancing Panel: Recently Asked Questions

Does the fact that my firm receives Alerts via this site assist in my application to join the LendInvest conveyancing panel?
The requirements to join the LendInvest conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.

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Can you suggest any advice if we wish to challenge being removed from the LendInvest conveyancing panel?
If you are removed from the LendInvest conveyancing panel and you are unaware of or disagree with the reasons for your removal you should: (a) Contact LendInvest directly. (b) If there is an appeals process detailed on your letter you should follow the process.

In appealing a decision by LendInvest, it may be useful to provide the following information:

  • Comprehensive account of your conveyancing history
  • Your COMPLETIONmonitor reports, assuming you use the Lexsure software
  • Your recent claims history
  • comprehensive details of all employees in your firm and their role.
  • Note down if a solicitor has been admitted to the role on completion of the Qualified Lawyers Transfer Test.
  • Provide duplicate practising certificates, the firm's current professional indemnity policy and your accountant's certificate, summarising the % of the firm's gross fee income is generated from residential conveyancing

On appeal some conveyancing firms have been able to regain membership to panels notwithstanding the policy by the respective lenders to refuse panel membership to firms with certain profiles or characteristics. The success is primarily due to the firms’ ability to persuade the lender to make an exception if there is sufficient evidence to reassure them that the firm has a healthy attitude towards risk mitigation.

Are the Council of Licensed Conveyancers taking any action to ensure that licensed conveyancers remain on lender conveyancing panels?
As is the case with the Law Society the Council of Licensed Conveyancers has begun dialogue with lenders and their representative bodies to see whether and how the risks that lenders wish to mitigate could be addressed through the regulatory framework rather than via ad hoc arrangements that can differ from lender to lender. We expect that that the CLC have been in touch with lenders such as LendInvest as well as the CML.
Do banks such as LendInvest run an independent conveyancing panel for buy to let mortgages?
The majority of lenders do not operate a specific buy to let conveyancing panel but we are hearing about a few that do. We do not know what the position is with LendInvest as at todays date. If you're about to receive instructions from a client on a buy to let purchase with a mortgage from LendInvest we suggest that you call LendInvest to check the position.
I noticed the following question on my PI renewal form this year ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the UK Finance Lenders’ Handbook?’ My firm is on a number of approved panels including the LendInvest conveyancing panel. We have Terms and Conditions of appointment which we have to follow. Should I reference these Terms ?
The key here is the caveat ‘more onerous’. You have to try and take an objective view as to whether the Terms relating to the LendInvest conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.
Will CQS accreditation secure my firm’s acceptance on to lenders conveyancing panels?
The Law Society’s CQS membership gives no guarantee to lender panel acceptance. Nevertheless the CML have indicated that it is likely to become a prerequisite for firms wishing to join their panels. Some Lenders now use CQS as the starting point for Panel acceptance such as Astra Mortgages.
My firm is listed on the LendInvest conveyancing panel and all set to complete a purchase within the next few weeks. I can not locate a Legal Charge for the client to sign. Who do I contact at LendInvest to get a duplicate Deed?
You would be advised to get in touch with LendInvest to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual inquiry for banks to cite who to contact to obtain standard documents. LendInvest in their Part 2’s state:
You will need to quote the firm’s LendInvest solicitors panel number.

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Average number of days to register title including a charge in favour of LendInvest
This information relates to purchase only and not remortgages.
YearDays*
2021 [no data]
2020 52.7
2019 [no data]
2018 [no data]
2017 [no data]
2016 [no data]
* Data aggregated from sources including COMPLETIONmonitor