Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Non-compliance with the Masthaven Bank panel requirements, 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.
- Persistent non-compliance with 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
Masthaven Bank Conveyancing Panel Reinstatement: Common Questions
- What happens if our Masthaven Bank panel reinstatement application is refused and our client has a mortgage application with the Masthaven Bank?
- What are our options if my firm’s reinstatement panel submission with Masthaven Bank is turned down?
- Can you outline the application protocol to revert back onto the Masthaven Bank conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Masthaven Bank panel ?
- How do I discover why my firm’s application for reinstatement was 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.