Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the ModaMortgages panel terms, the written instructions that ModaMortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which ModaMortgages may subsequently subscribe.
- Your firm fails to meet the criteria to remain on the ModaMortgages conveyancing panel
- Significant delays in registering a charge on behalf of ModaMortgages Delays or failure to register the ModaMortgages charge may result in referral to external lawyers of ModaMortgages to complete outstanding requirements.
- Breaches of ModaMortgages conveyancing panel Terms and Conditions
- ModaMortgages may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
Common questions about ModaMortgages conveyancing panel reinstatement
- Can you outline the application protocol to be reinstated onto the ModaMortgages conveyancing panel?
- How long does the application process take when applying to be reinstated onto the ModaMortgages conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the ModaMortgages panel ?
- Is there a limit to the amount of occasions my practice can submit applications to be reinstated on the ModaMortgages conveyancing panel?
- Can this firm act for ModaMortgages while the appeal for reinstatement on the ModaMortgages panel is being assessed? How do I know if our reinstatement application to the ModaMortgages panel is approved?
Top Tip: The best way to avoid the hassle of seeking ModaMortgages panel reinstatement is to ensure that your firm is not removed off of the ModaMortgages 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 ModaMortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to ModaMortgages 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 ModaMortgages conveyancing panel.