Removal from the Better HomeOwnership 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 Better HomeOwnership conveyancing panel
- Breaches of Better HomeOwnership conveyancing panel 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.
- Persistent non-compliance with post completion requirements set by Better HomeOwnership
- Failure to act in accordance with the Better HomeOwnership panel requirements, the written instructions that Better HomeOwnership provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Better HomeOwnership may subsequently subscribe.
FAQs : Better HomeOwnership Conveyancing panel reinstatement
- How do I discover why my firm’s application for reinstatement was rejected?
- What are the next steps open to me if our Better HomeOwnership panel reinstatement application is rejected and the client of the firm has a mortgage application with the Better HomeOwnership?
- Can this firm act for Better HomeOwnership while the application for reinstatement on the Better HomeOwnership panel is being reviewed? How do I know if our reinstatement application to the Better HomeOwnership panel is accepted?
- Is it the practice manager who is required to complete the reinstatement application to the Better HomeOwnership panel ?
- Is there a cost to be reinstated onto the Better HomeOwnership conveyancing panel?
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.