Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated

  • Persistent delays in post completion requirements on behalf of Masthaven Bank
  • Breaches of Masthaven Bank conveyancing panel requirements
  • Your firm no longer meets the criteria to remain on the Masthaven Bank conveyancing panel
  • Missing deadline to reapply to remain on the Masthaven Bank convincing panel
  • Persistent 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.

Answers to Frequently asked questions concerning Masthaven Bank panel reinstatement

  • Can we appeal if our application for reinstatement is rejected?
  • Is it the practice manager who is required to complete the reinstatement application to the Masthaven Bank panel ?
  • Can you outline the application procedures to be reinstated onto the Masthaven Bank conveyancing panel?
  • What happens if our Masthaven Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Masthaven Bank?
  • Can this firm act for Masthaven Bank while the appeal for reinstatement on the Masthaven Bank panel is being assessed? How do I know if our reinstatement application to the Masthaven Bank panel is accepted?

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.

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