Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Metro Bank
- Your practice fails to meet the criteria to remain on the Metro Bank conveyancing panel
- Missing deadline to reapply to be on the Metro Bank convincing panel
- Non-compliance 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.
- Persistent delays in registering security on behalf of Metro Bank Delays or failure to register the Metro Bank charge may result in referral to external lawyers of Metro Bank to complete outstanding requirements.
Questions Metro Bank panel reinstatement firms ask us
- Is there a charge to be reinstated onto the Metro Bank conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Metro Bank is turned down?
- How often will this firm be required to re-apply to be reinstated on the Metro Bank conveyancing panel?
- What is the application process 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 the client of the firm has a mortgage application with the Metro Bank?
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.