Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant 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.
- 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.
- Breaches of Metro Bank conveyancing panel Terms and Conditions
- Your firm no longer meets the criteria to remain on the Metro Bank conveyancing panel
Answers to Frequently asked questions concerning Metro Bank panel reinstatement
- Please can you set out the application process to be reinstated onto the Metro Bank conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Metro Bank is refused?
- What happens if our Metro Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Metro Bank?
- Can we act for Metro Bank while the application for reinstatement on the Metro Bank panel is being reviewed? How do I find out if our reinstatement application to the Metro Bank panel is accepted?
- Is there a cost to revert back 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 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.