Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Missing deadline to reapply to be on the Metro Bank convincing panel
- Failure to act in accordance with the Metro Bank panel requirements, 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.
- Your law firm no longer meets the criteria to remain on the Metro Bank conveyancing 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.
Questions Metro Bank panel reinstatement firms ask us
- Can this firm act for Metro Bank while the appeal for reinstatement on the Metro Bank panel is being processed? How do I find out if our reinstatement appeal to the Metro Bank panel is approved?
- Can you outline the application process to revert back onto the Metro Bank conveyancing panel?
- What are the consequences if our Metro Bank panel reinstatement application is refused and our client has a mortgage offer with the Metro Bank?
- How long does the application process take when applying to revert back 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?
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.