Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Metro Bank conveyancing panel
- Missing deadline to reapply to be on the Metro Bank convincing panel
- 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.
- Breaches of Metro Bank conveyancing panel Terms and Conditions
Frequently asked questions concerning Metro Bank panel reinstatement
- Is there a limit to the amount of occasions my law firm can apply to get back on the Metro Bank conveyancing panel?
- Can this firm act for Metro Bank while the application 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?
- Is it the practice manager who is required to complete the reinstatement application to the Metro Bank panel ?
- How do I discover why this practice’s application for reinstatement is declined?
- Is there a charge 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.