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

  • Missing deadline to reapply to be on the Masthaven Bank convincing panel
  • 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.
  • Breaches of Masthaven Bank conveyancing panel requirements
  • Your law firm fails to meet 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.

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?
  • Can this firm act for Masthaven Bank while the appeal 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 accepted?
  • Can we appeal if this practice’s application for reinstatement was rejected?
  • Is there a charge to revert back onto the Masthaven Bank conveyancing panel?
  • Do any avenues remain open if my firm’s reinstatement panel application with Masthaven Bank is turned down?

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.

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