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 provides false answers in its application form or in relation to any future requests for information.
- 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 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.
- Failure to reapply to remain on the M&S Bank convincing panel
- Your firm no longer meets the criteria to remain on the M&S Bank conveyancing panel
Top questions concerning M&S Bank panel reinstatement
- What are the consequences if our M&S Bank panel reinstatement application is refused and the client of the firm has a mortgage application with the M&S Bank?
- Is there a fee to be reinstated onto the M&S Bank conveyancing panel?
- Who should sign the reinstatement application to the M&S Bank panel ?
- Do any avenues remain open if our reinstatement panel submission with M&S Bank is declined?
- What is the application process 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 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.