Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Failure to act in accordance with the Masthaven Bank panel terms, the written instructions that Masthaven Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Masthaven Bank may subsequently subscribe.
- Your firm fails to meet the criteria to remain on the Masthaven Bank conveyancing panel
- Significant delays in post completion requirements set by Masthaven Bank
Common queries about Masthaven Bank conveyancing panel reinstatement
- Am I restricted as to the amount of occasions my firm can submit applications to get back on the Masthaven Bank conveyancing panel?
- Can we act for Masthaven Bank while the appeal for reinstatement on the Masthaven Bank panel is being reviewed? How do I know if our reinstatement application to the Masthaven Bank panel is approved?
- What are the consequences if our Masthaven Bank panel reinstatement application is declined and our client has a mortgage offer with the Masthaven Bank?
- Do any avenues remain open if my firm’s reinstatement panel application with Masthaven Bank is turned down?
- Can we appeal if our application for reinstatement is turned down?
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.