Removal from the Fleet Mortgages and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Fleet Mortgages convincing panel
- Fleet Mortgages 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.
- Non-compliance with the Fleet Mortgages panel terms, the written instructions that Fleet Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Fleet Mortgages may subsequently subscribe.
- Breaches of Fleet Mortgages conveyancing panel Terms and Conditions
- 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.
Top questions concerning Fleet Mortgages panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Fleet Mortgages conveyancing panel?
- What are the consequences if our Fleet Mortgages panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Fleet Mortgages?
- Can we appeal if our application for reinstatement is turned down?
- Can we act for Fleet Mortgages while the application for reinstatement on the Fleet Mortgages panel is being assessed? How do I find out if our reinstatement appeal to the Fleet Mortgages panel is accepted?
- How long does the application process take when applying to revert back onto 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.