Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Metro Bank convincing panel
- Your law firm fails to meet the criteria to remain on the Metro Bank conveyancing panel
- Failure to act in accordance with the Metro Bank panel terms, the written instructions that Metro Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Metro Bank may subsequently adopt.
- Significant delays in post completion requirements set by Metro Bank
- Metro Bank 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.
How can we assist? Metro Bank panel reinstatement questions
- Can this firm act for Metro Bank while the appeal for reinstatement on the Metro Bank panel is being progressed? How do I find out if our reinstatement appeal to the Metro Bank panel is accepted?
- What times frames are involved when applying to revert back onto the Metro Bank conveyancing panel?
- Is there a fee to be reinstated onto the Metro Bank conveyancing panel?
- What are the consequences if our Metro Bank panel reinstatement application is declined and our client has a mortgage offer with the Metro Bank?
- What are our options if my firm’s reinstatement panel application with Metro Bank is rejected?
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 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 Metro Bank conveyancing panel.