Is your law firm in need of assistance rejoining the MBS Lending Ltd panel?
There are many possible reasons why a practice could be removed from the MBS Lending Ltd conveyancing panel. Here are a few:
MBS Lending Ltd 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.
Breaches of MBS Lending Ltd conveyancing panel requirements
Your practice no longer meets the criteria to remain on the MBS Lending Ltd conveyancing panel
Recurring delays in registering a charge 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.
Non-compliance with the MBS Lending Ltd panel requirements, the written instructions that MBS Lending Ltd provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which MBS Lending Ltd may subsequently adopt.
MBS Lending Ltd Conveyancing Panel Reinstatement: Common Questions
What are the consequences if our MBS Lending Ltd panel reinstatement application is declined and the client of the firm has a mortgage offer with the MBS Lending Ltd?
What is the application procedures to be reinstated onto the MBS Lending Ltd conveyancing panel?
How do I discover why our 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 know if our reinstatement application to the MBS Lending Ltd panel is accepted?
To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with MBS Lending Ltd is rejected?
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 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 MBS Lending Ltd conveyancing panel.