Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Masthaven Bank panel requirements, 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.
- 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.
- Your law firm fails to meet the criteria to remain on the Masthaven Bank conveyancing panel
- Recurring delays in post completion requirements set by Masthaven Bank
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
Common queries about Masthaven Bank conveyancing panel reinstatement
- Can we act for Masthaven Bank while the appeal for reinstatement on the Masthaven Bank panel is being processed? How do I know if our reinstatement appeal to the Masthaven Bank panel is approved?
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Masthaven Bank?
- Can you outline the application procedures to revert back onto the Masthaven Bank conveyancing panel?
- What are our options if my firm’s reinstatement panel application with Masthaven Bank is declined?
- How often will this firm be required to re-apply to remain on 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 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.