Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Masthaven Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Failure to act in accordance 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.
- Your practice no longer meets the criteria to remain on the Masthaven Bank conveyancing panel
- Significant 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.
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
Answers to Frequently asked questions concerning Masthaven Bank panel reinstatement
- Is there a fee to be reinstated onto the Masthaven Bank conveyancing panel?
- What is the application process to revert back onto the Masthaven Bank conveyancing panel?
- Is there a limit to the amount of times my firm can apply to get back on the Masthaven Bank conveyancing panel?
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Masthaven Bank?
- How do I discover why our application for reinstatement was rejected?
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.