Removal from the MBS Lending Ltd and other lender panels: Why they do it and how to get reinstated

  • 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.
  • Failure to act in accordance with the MBS Lending Ltd panel terms, the written instructions that MBS Lending Ltd give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which MBS Lending Ltd may subsequently subscribe.
  • Your firm no longer meets the criteria to remain on the MBS Lending Ltd conveyancing panel
  • Failure to reapply to be on the MBS Lending Ltd convincing panel
  • Significant delays in post completion requirements set by MBS Lending Ltd

FAQs : MBS Lending Ltd Conveyancing panel reinstatement

  • What happens if our MBS Lending Ltd panel reinstatement application is rejected and our client has a mortgage application with the MBS Lending Ltd?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with MBS Lending Ltd is declined?
  • Can this firm act for MBS Lending Ltd while the application for reinstatement on the MBS Lending Ltd panel is being reviewed? How do I know if our reinstatement application to the MBS Lending Ltd panel is approved?
  • Is it the practice manager who is required to sign the reinstatement application to the MBS Lending Ltd panel ?
  • How do I discover why our application for reinstatement 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 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.

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