Removal from the MBS Lending Ltd and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- Your practice fails to meet the criteria to remain on the MBS Lending Ltd conveyancing panel
- Persistent non-compliance with post completion requirements set by MBS Lending Ltd
- Missing deadline to reapply to remain 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.
How can we assist? MBS Lending Ltd panel reinstatement questions
- Who should complete the reinstatement application to the MBS Lending Ltd panel ?
- Does my practice need to apply annually to remain on the MBS Lending Ltd conveyancing panel?
- Is there a limit to the amount of times my firm can submit applications to be reinstated on the MBS Lending Ltd conveyancing panel?
- What happens 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?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with MBS Lending Ltd is turned down?
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.