Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- 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.
- Recurring non-compliance with post completion requirements on behalf of Masthaven Bank
- Non-compliance 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 adopt.
- Your firm fails to meet the criteria to remain on the Masthaven Bank conveyancing panel
Frequently asked questions concerning Masthaven Bank panel reinstatement
- How often will this firm be required to re-apply to remain on the Masthaven Bank conveyancing panel?
- How long does the application process take when applying to revert back onto the Masthaven Bank conveyancing panel?
- Is there a charge to revert back onto the Masthaven Bank conveyancing panel?
- Who should sign the reinstatement application to the Masthaven Bank panel ?
- Can this firm act for Masthaven Bank while the application for reinstatement on the Masthaven Bank panel is being assessed? How do I discover if our reinstatement application to the Masthaven Bank panel is approved?
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.