Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Masthaven Bank convincing panel
- Recurring non-compliance with post completion requirements on behalf of Masthaven Bank
- Significant delays in registering security on behalf of Masthaven Bank Delays or failure to register the Masthaven Bank charge may result in referral to external lawyers of Masthaven Bank to complete outstanding requirements.
- Breaches of Masthaven Bank conveyancing panel requirements
- Masthaven 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.
Questions Masthaven Bank panel reinstatement firms ask us
- How do I discover why my firm’s application for reinstatement is turned down?
- Who should complete the reinstatement application to the Masthaven Bank panel ?
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the Masthaven Bank?
- What times frames are involved when applying to revert back onto the Masthaven Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Masthaven Bank is declined?
Top Tip: The best way to avoid the hassle of seeking Masthaven Bank panel reinstatement is to ensure that your firm is not removed off of the Masthaven 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 Masthaven Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Masthaven 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 Masthaven Bank conveyancing panel.