Removal from the M&S Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the M&S Bank convincing panel
- Breaches of M&S Bank conveyancing panel requirements
- Non-compliance with the M&S Bank panel requirements, 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 subscribe.
- 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.
- Your firm fails to meet the criteria to remain on the M&S Bank conveyancing panel
M&S Bank panel reinstatement: Five Common Questions
- Does my practice need to apply annually to be reinstated on the M&S Bank conveyancing panel?
- What will happen if our M&S Bank panel reinstatement application is rejected and our client has a mortgage application with the M&S Bank?
- Can we appeal if my firm’s application for reinstatement was rejected?
- Does the COLP in my firm need to complete the reinstatement application to the M&S Bank panel ?
- Can you outline the application protocol to revert back 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 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.