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
- 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.
- Missing deadline to reapply to remain on the M&S Bank convincing panel
- 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.
- Your practice no longer meets the criteria to remain on the M&S Bank conveyancing panel
M&S Bank Conveyancing Panel Reinstatement: Common Questions
- 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 find out if our reinstatement appeal to the M&S Bank panel is approved?
- How long does the application process take when applying to be reinstated onto the M&S Bank conveyancing panel?
- Is there a fee to revert back onto the M&S Bank conveyancing panel?
- Are you able to explain why our application for reinstatement was rejected?
- Does the COLP in my firm need to sign 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.