Removal from the M&S Bank and other lender panels: Why they do it and how to get reinstated
- 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 be on the M&S Bank convincing panel
- Your law firm fails to meet the criteria to remain on the M&S Bank conveyancing panel
- 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 delays in registering a charge 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.
M&S Bank panel reinstatement : You have questions, we have answers
- Do any avenues remain open if our reinstatement panel submission with M&S Bank is refused?
- Is there a limit to the amount of times my practice can apply to get back on the M&S Bank conveyancing panel?
- Who should sign the reinstatement application to the M&S Bank panel ?
- What times frames are involved when applying to revert back onto the M&S Bank conveyancing panel?
- How do I discover why this practice’s application for reinstatement was declined?
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.