Removal from the Better HomeOwnership and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Better HomeOwnership conveyancing panel
- Better HomeOwnership 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.
- Non-compliance with the Better HomeOwnership panel requirements, the written instructions that Better HomeOwnership give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Better HomeOwnership may subsequently adopt.
- Failure to reapply to be on the Better HomeOwnership convincing panel
- Recurring delays in registering security on behalf of Better HomeOwnership Delays or failure to register the Better HomeOwnership charge may result in referral to external lawyers of Better HomeOwnership to complete outstanding requirements.
Better HomeOwnership panel reinstatement : questions that we get asked
- Is there a fee to revert back onto the Better HomeOwnership conveyancing panel?
- Am I restricted as to the amount of times my practice can apply to get back on the Better HomeOwnership conveyancing panel?
- What is the application protocol to be reinstated onto the Better HomeOwnership conveyancing panel?
- Does my practice need to apply annually to remain on the Better HomeOwnership conveyancing panel?
- Is it possible to find out our application for reinstatement was refused?
Top Tip: The best way to avoid the hassle of seeking Better HomeOwnership panel reinstatement is to ensure that your firm is not removed off of the Better HomeOwnership 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 Better HomeOwnership conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Better HomeOwnership 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 Better HomeOwnership conveyancing panel.