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
- Non-compliance 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 adopt.
- Recurring delays in post completion requirements on behalf of M&S Bank
- 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 reapply to be on the M&S Bank convincing panel
M&S Bank panel reinstatement : You have questions, we have answers
- What are our options if our reinstatement panel application with M&S Bank is rejected?
- What are the consequences if our M&S Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the M&S Bank?
- Can we appeal if our application for reinstatement is declined?
- Does my practice need to apply annually to be reinstated on the M&S Bank conveyancing panel?
- Can you outline the application protocol to be reinstated onto the M&S Bank conveyancing 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 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.