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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Breaches of Better HomeOwnership conveyancing panel requirements
- Failure to act in accordance 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 post completion requirements set by Better HomeOwnership
Better HomeOwnership panel reinstatement: Five Common Questions
- Is there a charge to be reinstated onto the Better HomeOwnership conveyancing panel?
- What are the consequences if our Better HomeOwnership panel reinstatement application is declined and our client has a mortgage application with the Better HomeOwnership?
- What are our options if my firm’s reinstatement panel application with Better HomeOwnership is refused?
- Please can you set out the application process to revert back onto the Better HomeOwnership conveyancing panel?
- 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 appeal to the Better HomeOwnership panel is approved?
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.