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.
- 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.
- 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.
- Breaches of Masthaven Bank conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements on behalf of Masthaven Bank
Top questions concerning Masthaven Bank panel reinstatement
- Is it possible to find out our application for reinstatement was refused?
- Does my practice need to apply annually to be reinstated on the Masthaven Bank conveyancing panel?
- What are the next steps open to me if our Masthaven Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Masthaven Bank?
- Is it the practice manager who is required to complete the reinstatement application to the Masthaven Bank panel ?
- How long does the application process take when applying to be reinstated 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.