Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Metro Bank conveyancing panel 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.
- Your firm no longer meets the criteria to remain on the Metro Bank conveyancing panel
- Failure to reapply to remain on the Metro Bank convincing panel
- 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.
Common questions about Metro Bank conveyancing panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Metro Bank panel ?
- To what extent is my firm permanently excluded if our reinstatement panel application with Metro Bank is turned down?
- Can you outline the application protocol to be reinstated onto the Metro Bank conveyancing panel?
- What times frames are involved when applying to revert back onto 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 find out 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.