Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge 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.
- Significant delays in post completion requirements set by Masthaven Bank
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Masthaven Bank convincing panel
- Non-compliance with the Masthaven Bank panel terms, the written instructions that Masthaven Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Masthaven Bank may subsequently adopt.
Top questions concerning Masthaven Bank panel reinstatement
- Can we act for Masthaven Bank while the appeal for reinstatement on the Masthaven Bank panel is being assessed? How do I find out if our reinstatement appeal to the Masthaven Bank panel is accepted?
- What is the application procedures to revert back onto the Masthaven Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Masthaven Bank panel ?
- Do any avenues remain open if our reinstatement panel application with Masthaven Bank is rejected?
- What times frames are involved when applying to revert back onto the Masthaven Bank conveyancing panel?
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 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 Masthaven Bank conveyancing panel.