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

  • Breaches of MBS Lending Ltd conveyancing panel Terms and Conditions
  • 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.
  • Non-compliance with the MBS Lending Ltd panel terms, 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.
  • Persistent delays in post completion requirements on behalf of MBS Lending Ltd
  • Your firm no longer meets the criteria to remain on the MBS Lending Ltd conveyancing panel

MBS Lending Ltd panel reinstatement : questions that we get asked

  • Do any avenues remain open if my firm’s reinstatement panel application with MBS Lending Ltd is turned down?
  • Is there a charge to revert back onto the MBS Lending Ltd conveyancing panel?
  • Can this firm 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?
  • Is it the practice manager who is required to sign the reinstatement application to the MBS Lending Ltd panel ?
  • What times frames are involved when applying to be reinstated onto the MBS Lending Ltd conveyancing panel?

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.

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