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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Fleet Mortgages may subsequently subscribe.
- Your firm no longer meets the criteria to remain on the Fleet Mortgages conveyancing panel
- 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.
- 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.
- Missing deadline to reapply to be on the Fleet Mortgages convincing panel
Top questions concerning Fleet Mortgages panel reinstatement
- Can you outline the application process to be reinstated onto the Fleet Mortgages conveyancing panel?
- Is there a fee to revert back onto the Fleet Mortgages conveyancing panel?
- Am I restricted as to the amount of times my practice can apply to be reinstated on the Fleet Mortgages conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Fleet Mortgages conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Fleet Mortgages 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 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 Fleet Mortgages conveyancing panel.