Removal from the Better HomeOwnership and other lender panels: Why they do it and how to get reinstated
- 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.
- 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 post completion requirements set by Better HomeOwnership
- Failure to reapply to remain on the Better HomeOwnership convincing panel
- Persistent delays in registering a charge 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.
FAQs : Better HomeOwnership Conveyancing panel reinstatement
- What happens if our Better HomeOwnership panel reinstatement application is declined and the client of the firm has a mortgage offer with the Better HomeOwnership?
- Am I restricted as to the number of occasions my firm can submit applications to get back on the Better HomeOwnership conveyancing panel?
- Can you outline the application procedures to revert back onto the Better HomeOwnership conveyancing panel?
- Can we act for Better HomeOwnership while the appeal for reinstatement on the Better HomeOwnership panel is being progressed? How do I know if our reinstatement appeal to the Better HomeOwnership panel is accepted?
- How often will this firm be required to re-apply to be reinstated on 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.