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 requirements
- Significant 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.
- Failure to act in accordance with the M&S Bank panel terms, the written instructions that M&S Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which M&S Bank may subsequently adopt.
- Persistent non-compliance with post completion requirements on behalf of M&S Bank
- Your law firm no longer meets the criteria to remain on the M&S Bank conveyancing panel
M&S Bank panel reinstatement: Five Common Questions
- Does the COLP in my firm need to complete the reinstatement application to the M&S Bank panel ?
- Can we act for M&S Bank while the appeal for reinstatement on the M&S Bank panel is being reviewed? How do I find out if our reinstatement appeal to the M&S Bank panel is accepted?
- How long does the application process take when applying to be reinstated onto the M&S Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the M&S Bank conveyancing panel?
- What are the consequences if our M&S Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the M&S Bank?
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.