Removal from the Fleet Mortgages and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Fleet Mortgages panel terms, the written instructions that Fleet Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Fleet Mortgages may subsequently adopt.
- Missing deadline to reapply to remain on the Fleet Mortgages convincing panel
- Significant delays in registering security on behalf of Fleet Mortgages Delays or failure to register the Fleet Mortgages charge may result in referral to external lawyers of Fleet Mortgages to complete outstanding requirements.
- Fleet Mortgages 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.
- Recurring non-compliance with post completion requirements on behalf of Fleet Mortgages
Answers to Frequently asked questions concerning Fleet Mortgages panel reinstatement
- What happens if our Fleet Mortgages panel reinstatement application is refused and the client of the firm has a mortgage application with the Fleet Mortgages?
- Are you able to explain why my firm’s application for reinstatement was refused?
- Is there a fee to revert back onto the Fleet Mortgages conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Fleet Mortgages is turned down?
- Does my practice need to apply annually to remain on the Fleet Mortgages conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Fleet Mortgages panel reinstatement is to ensure that your firm is not removed off of the Fleet Mortgages 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 Fleet Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Fleet Mortgages 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 Fleet Mortgages conveyancing panel.