Removal from the M&S Bank and other lender panels: Why they do it and how to get reinstated
- 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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which M&S Bank may subsequently subscribe.
- Failure to reapply to be on the M&S Bank convincing panel
- Significant non-compliance with post completion requirements on behalf of M&S Bank
- 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.
M&S Bank panel reinstatement : You have questions, we have answers
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the M&S Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the M&S Bank conveyancing panel?
- Please can you set out the application process to be reinstated onto the M&S Bank conveyancing panel?
- Can this firm act for M&S Bank while the application for reinstatement on the M&S Bank panel is being reviewed? How do I know if our reinstatement application to the M&S Bank panel is approved?
- Who should complete the reinstatement application to the M&S Bank panel ?
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 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 M&S Bank conveyancing panel.