Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the ModaMortgages panel terms, the written instructions that ModaMortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which ModaMortgages may subsequently subscribe.
- Significant delays in post completion requirements on behalf of ModaMortgages
- 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.
- Recurring 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.
FAQs : ModaMortgages Conveyancing panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the ModaMortgages panel ?
- Can this firm act for ModaMortgages while the appeal for reinstatement on the ModaMortgages panel is being reviewed? How do I discover if our reinstatement appeal to the ModaMortgages panel is approved?
- Does my practice need to apply annually to remain on the ModaMortgages conveyancing panel?
- What will happen if our ModaMortgages panel reinstatement application is turned down and our client has a mortgage offer with the ModaMortgages?
- Is there a limit to the number of times my law firm can submit applications to get back on the ModaMortgages conveyancing panel?
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.