Removal from the MBS Lending Ltd and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of MBS Lending Ltd Delays or failure to register the MBS Lending Ltd charge may result in referral to external lawyers of MBS Lending Ltd to complete outstanding requirements.
- Persistent delays in post completion requirements on behalf of MBS Lending Ltd
- Your law firm fails to meet the criteria to remain on the MBS Lending Ltd conveyancing panel
- Missing deadline to reapply to be on the MBS Lending Ltd convincing panel
- MBS Lending Ltd may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Answers to Frequently asked questions concerning MBS Lending Ltd panel reinstatement
- How do I discover why this practice’s application for reinstatement is rejected?
- Can we act for MBS Lending Ltd while the application for reinstatement on the MBS Lending Ltd panel is being progressed? How do I find out if our reinstatement application to the MBS Lending Ltd panel is accepted?
- What will happen if our MBS Lending Ltd panel reinstatement application is refused and the client of the firm has a mortgage application with the MBS Lending Ltd?
- Who should sign the reinstatement application to the MBS Lending Ltd panel ?
- To what extent is my firm permanently excluded if our reinstatement panel submission with MBS Lending Ltd is declined?
Top Tip: The best way to avoid the hassle of seeking MBS Lending Ltd panel reinstatement is to ensure that your firm is not removed off of the MBS Lending Ltd 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 MBS Lending Ltd conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to MBS Lending Ltd 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 MBS Lending Ltd conveyancing panel.