Removal from the Better HomeOwnership and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Better HomeOwnership panel terms, 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.
- Significant 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 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.
- Significant non-compliance with post completion requirements on behalf of Better HomeOwnership
- Failure to reapply to be on the Better HomeOwnership convincing panel
Answers to Frequently asked questions concerning Better HomeOwnership panel reinstatement
- Does my practice need to apply annually to remain on the Better HomeOwnership conveyancing panel?
- Who should sign the reinstatement application to the Better HomeOwnership panel ?
- How long does the application process take when applying to be reinstated onto the Better HomeOwnership conveyancing panel?
- What will happen if our Better HomeOwnership panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Better HomeOwnership?
- How do I discover why our application for reinstatement is rejected?
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 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 Better HomeOwnership conveyancing panel.