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
- Your law firm fails to meet the criteria to remain on the Masthaven Bank conveyancing panel
- Masthaven Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- 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.
- Missing deadline to reapply to be on the Masthaven Bank convincing panel
Questions Masthaven Bank panel reinstatement firms ask us
- Is there a cost to revert back onto the Masthaven Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Masthaven Bank conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Masthaven Bank is declined?
- Is it the practice manager who is required to complete the reinstatement application to the Masthaven Bank panel ?
- 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.