Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the ModaMortgages conveyancing panel
- Failure to reapply to remain on the ModaMortgages convincing panel
- 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 adopt.
- Persistent 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.
- Recurring non-compliance with post completion requirements on behalf of ModaMortgages
ModaMortgages panel reinstatement : questions that we get asked
- Is it the practice manager who is required to complete the reinstatement application to the ModaMortgages panel ?
- Can you outline the application procedures to be reinstated onto the ModaMortgages conveyancing panel?
- How do I discover why my firm’s application for reinstatement is turned down?
- Is there a cost to be reinstated onto the ModaMortgages conveyancing panel?
- What times frames are involved when applying to be reinstated onto 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.