Removal from the Metro Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Your firm fails to meet the criteria to remain on the Metro Bank conveyancing panel
- Non-compliance 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.
- Missing deadline to reapply to be on the Metro Bank convincing panel
- Significant delays in post completion requirements set by Metro Bank
Answers to Frequently asked questions concerning Metro Bank panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Metro Bank panel ?
- Is it possible to find out my firm’s application for reinstatement is turned down?
- What times frames are involved when applying to be reinstated onto the Metro Bank conveyancing panel?
- Am I restricted as to the number of occasions my practice can apply to get back on the Metro Bank conveyancing panel?
- Can you outline the application procedures 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 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.