Removal from the M&S Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of M&S Bank conveyancing panel Terms and Conditions
- Recurring delays in registering security on behalf of M&S Bank Delays or failure to register the M&S Bank charge may result in referral to external lawyers of M&S Bank to complete outstanding requirements.
- Your firm fails to meet the criteria to remain on the M&S Bank conveyancing panel
- M&S Bank 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.
- Persistent delays in post completion requirements on behalf of M&S Bank
Answers to Frequently asked questions concerning M&S Bank panel reinstatement
- Am I restricted as to the number of times my practice can submit applications to be reinstated on the M&S Bank conveyancing panel?
- Can we act for M&S Bank while the appeal for reinstatement on the M&S Bank panel is being progressed? How do I know if our reinstatement appeal to the M&S Bank panel is accepted?
- Does my practice need to apply annually to remain on the M&S Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the M&S Bank panel ?
- Is the door firmly shut if our reinstatement panel application with M&S Bank is turned down?
Top Tip: The best way to avoid the hassle of seeking M&S Bank panel reinstatement is to ensure that your firm is not removed off of the M&S Bank 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 M&S Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to M&S Bank 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 M&S Bank conveyancing panel.