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

  • Breaches of Metro Bank conveyancing panel Terms and Conditions
  • Non-compliance with the Metro Bank panel terms, 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.
  • Your firm fails to meet the criteria to remain on the Metro Bank conveyancing panel
  • 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 provides false answers in its application form or in relation to any future requests for information.

Metro Bank panel reinstatement : questions that we get asked

  • How do I discover why our application for reinstatement is turned down?
  • Can this firm act for Metro Bank while the application for reinstatement on the Metro Bank panel is being assessed? How do I discover if our reinstatement application to the Metro Bank panel is accepted?
  • Is it the practice manager who is required to complete the reinstatement application to the Metro Bank panel ?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Metro Bank is turned down?
  • Is there a fee to be reinstated 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 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.

Related Pages