Removal from the Masthaven Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure to reapply to remain on the Masthaven Bank convincing panel
- Significant non-compliance with post completion requirements on behalf of Masthaven Bank
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Non-compliance 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 adopt.
Frequently asked questions concerning Masthaven Bank panel reinstatement
- Does the COLP in my firm need to complete the reinstatement application to the Masthaven Bank panel ?
- 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 assessed? How do I know if our reinstatement appeal to the Masthaven Bank panel is approved?
- What are our options if my firm’s reinstatement panel application with Masthaven Bank is turned down?
- How do I discover why our 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 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.