Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Masthaven Bank convincing panel
- Recurring 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.
- 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.
- Recurring non-compliance with post completion requirements set by Masthaven Bank
- Non-compliance with the Masthaven Bank panel requirements, 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 adopt.
Masthaven Bank panel reinstatement : questions that we get asked
- How do I discover why this practice’s application for reinstatement was rejected?
- How long does the application process take when applying to be reinstated onto the Masthaven Bank conveyancing panel?
- Can we act for Masthaven Bank while the application for reinstatement on the Masthaven Bank panel is being assessed? How do I find out if our reinstatement application to the Masthaven Bank panel is approved?
- Is there a limit to the amount of times my firm can apply to be reinstated on the Masthaven Bank conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Masthaven Bank is declined?
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.