Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of Metro Bank
- Breaches of Metro Bank conveyancing panel requirements
- Failure to act in accordance with the Metro Bank panel requirements, the written instructions that Metro Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Metro Bank may subsequently adopt.
- Your firm no longer meets the criteria to remain on the Metro Bank conveyancing panel
- Missing deadline to reapply to be on the Metro Bank convincing panel
Metro Bank panel reinstatement: Five Common Questions
- Please can you set out the application protocol to revert back onto the Metro Bank conveyancing panel?
- What are the next steps open to me if our Metro Bank panel reinstatement application is rejected and our client has a mortgage application with the Metro Bank?
- Is there a limit to the number of times my law firm can submit applications to get back on the Metro Bank conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Metro Bank panel ?
- Is there a cost to be reinstated onto the Metro Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Metro Bank panel reinstatement is to ensure that your firm is not removed off of the Metro Bank 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 Metro Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Metro Bank 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 Metro Bank conveyancing panel.