Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the Masthaven Bank convincing panel
- Your law firm no longer meets the criteria to remain on the Masthaven Bank conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Masthaven Bank
- Recurring 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.
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
Questions Masthaven Bank panel reinstatement firms ask us
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Masthaven Bank?
- Can we act for Masthaven Bank while the appeal for reinstatement on the Masthaven Bank panel is being assessed? How do I find out if our reinstatement appeal to the Masthaven Bank panel is accepted?
- What is the application procedures to be reinstated onto the Masthaven Bank conveyancing panel?
- Is there a fee to revert back onto the Masthaven Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Masthaven Bank 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 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.