Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated

  • Persistent delays in post completion requirements set by Metro Bank
  • Failure to reapply to be on the Metro Bank convincing panel
  • 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.
  • Your practice no longer meets the criteria to remain on the Metro Bank conveyancing panel
  • Non-compliance 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.

Answers to Frequently asked questions concerning Metro Bank panel reinstatement

  • How long does the application process take when applying to be reinstated onto the Metro Bank conveyancing panel?
  • How often will this firm be required to re-apply to be reinstated on the Metro Bank conveyancing panel?
  • Do any avenues remain open if our reinstatement panel application with Metro Bank is declined?
  • Can we appeal if this practice’s application for reinstatement is declined?
  • What happens if our Metro Bank panel reinstatement application is turned down and our client 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 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.

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