Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Masthaven Bank conveyancing panel
- Failure to act in accordance with the Masthaven Bank panel terms, the written instructions that Masthaven Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Masthaven Bank may subsequently subscribe.
- Failure to reapply to be on the Masthaven Bank convincing panel
- Persistent 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.
- Significant delays in post completion requirements set by Masthaven Bank
FAQs : Masthaven Bank Conveyancing panel reinstatement
- Can this firm act for Masthaven Bank while the application for reinstatement on the Masthaven Bank panel is being progressed? How do I find out if our reinstatement application to the Masthaven Bank panel is accepted?
- Can we appeal if my firm’s application for reinstatement is turned down?
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is refused and our client has a mortgage application with the Masthaven Bank?
- Is the door firmly shut if our reinstatement panel submission with Masthaven Bank is turned down?
- Is there a fee 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.