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 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.
- Missing deadline to reapply to remain on the Better HomeOwnership convincing panel
- Breaches of Better HomeOwnership conveyancing panel Terms and Conditions
- Recurring non-compliance with post completion requirements set by Better HomeOwnership
- Your firm no longer meets the criteria to remain on the Better HomeOwnership conveyancing panel
Better HomeOwnership panel reinstatement : questions that we get asked
- Is the door firmly shut if our reinstatement panel submission with Better HomeOwnership is turned down?
- How long does the application process take when applying to revert back onto the Better HomeOwnership conveyancing panel?
- What is the application process to be reinstated onto the Better HomeOwnership conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Better HomeOwnership conveyancing panel?
- What will happen if our Better HomeOwnership panel reinstatement application is rejected and our client has a mortgage application with the Better HomeOwnership?
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.