Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- 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 provides false answers in its application form or in relation to any future requests for information.
- Recurring delays in post completion requirements on behalf of Metro Bank
- 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.
- Recurring 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.
Top questions concerning Metro Bank panel reinstatement
- Is there a charge to revert back onto the Metro Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the Metro Bank conveyancing panel?
- Who should sign the reinstatement application to the Metro Bank panel ?
- What is the application process to revert back onto the Metro Bank conveyancing panel?
- Can this firm act for Metro Bank while the appeal for reinstatement on the Metro Bank panel is being reviewed? How do I know if our reinstatement appeal to the Metro Bank panel is approved?
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.