Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering a charge 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.
- 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.
- Non-compliance with the Masthaven Bank panel terms, 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 non-compliance with post completion requirements on behalf of Masthaven Bank
- Failure to reapply to remain on the Masthaven Bank convincing panel
Masthaven Bank Conveyancing Panel Reinstatement: Common Questions
- Does my practice need to apply annually to remain on 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 application with the Masthaven Bank?
- Can we act for Masthaven Bank while the application 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?
- Do any avenues remain open if our reinstatement panel application with Masthaven Bank is rejected?
- Please can you set out the application procedures to revert back onto 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.