Removal from the M&S Bank and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the M&S Bank conveyancing panel
- Persistent non-compliance with post completion requirements set by M&S Bank
- M&S Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to reapply to remain on the M&S Bank convincing panel
- 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.
Top questions concerning M&S Bank panel reinstatement
- What times frames are involved when applying to be reinstated onto the M&S Bank conveyancing panel?
- What are the consequences if our M&S Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the M&S Bank?
- Who should complete the reinstatement application to the M&S Bank panel ?
- Is there a fee to be reinstated onto the M&S Bank conveyancing panel?
- How do I discover why our application for reinstatement was rejected?
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.