Removal from the Bluestone Mortgages and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Bluestone Mortgages
- Your law firm fails to meet the criteria to remain on the Bluestone Mortgages conveyancing panel
- Failure to act in accordance with the Bluestone Mortgages panel terms, the written instructions that Bluestone Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bluestone Mortgages may subsequently adopt.
- Failure to reapply to be on the Bluestone Mortgages convincing panel
- Breaches of Bluestone Mortgages conveyancing panel requirements
Questions Bluestone Mortgages panel reinstatement firms ask us
- Is there a limit to the amount of times my firm can submit applications to be reinstated on the Bluestone Mortgages conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Bluestone Mortgages panel ?
- Do any avenues remain open if my firm’s reinstatement panel submission with Bluestone Mortgages is turned down?
- Can we act for Bluestone Mortgages while the appeal for reinstatement on the Bluestone Mortgages panel is being assessed? How do I know if our reinstatement appeal to the Bluestone Mortgages panel is approved?
- Does my practice need to apply annually to be reinstated on the Bluestone Mortgages conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Bluestone Mortgages panel reinstatement is to ensure that your firm is not removed off of the Bluestone Mortgages 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 Bluestone Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bluestone Mortgages directly or via their appointed 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 Bluestone Mortgages conveyancing panel.