Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated

  • Recurring 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.
  • Your law firm no longer meets the criteria to remain on the Masthaven Bank conveyancing panel
  • Non-compliance with the Masthaven Bank panel requirements, 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.
  • 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 post completion requirements on behalf of Masthaven Bank

Common questions about Masthaven Bank conveyancing panel reinstatement

  • Can you outline the application process to be reinstated onto the Masthaven Bank conveyancing panel?
  • Is it possible to find out our application for reinstatement is turned down?
  • How often will this firm be required to re-apply to be reinstated on the Masthaven Bank conveyancing panel?
  • Can this firm act for Masthaven Bank while the application for reinstatement on the Masthaven Bank panel is being processed? How do I find out if our reinstatement appeal to the Masthaven Bank panel is approved?
  • What times frames are involved when applying 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.

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