Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in post completion requirements on behalf of Masthaven Bank
- Failure to reapply to be on the Masthaven Bank convincing panel
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Significant 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.
- 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.
Frequently asked questions concerning Masthaven Bank panel reinstatement
- Am I restricted as to the number of occasions my practice can apply to be reinstated on the Masthaven Bank conveyancing panel?
- Can we appeal if our application for reinstatement is turned down?
- Do any avenues remain open if my firm’s reinstatement panel submission with Masthaven Bank is declined?
- Does the COLP in my firm need to sign the reinstatement application to the Masthaven Bank panel ?
- Can we act for Masthaven Bank while the application for reinstatement on the Masthaven Bank panel is being reviewed? How do I discover if our reinstatement appeal to the Masthaven Bank panel is accepted?
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.