Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements on behalf of Masthaven Bank
- 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.
- Missing deadline to reapply to remain on the Masthaven Bank convincing panel
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Your firm no longer meets the criteria to remain on the Masthaven Bank conveyancing panel
Common questions about Masthaven Bank conveyancing panel reinstatement
- Am I restricted as to the amount of occasions my firm can apply to be reinstated on the Masthaven Bank conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Masthaven Bank is turned down?
- Is there a cost to revert back onto the Masthaven Bank conveyancing panel?
- What happens if our Masthaven Bank panel reinstatement application is declined and the client of the firm has a mortgage application with the Masthaven Bank?
- Does the COLP in my firm need to complete the reinstatement application to the Masthaven Bank 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.