Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated

  • Persistent delays in registering security 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.
  • Non-compliance with the ModaMortgages panel requirements, 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.
  • Failure to reapply to be on the ModaMortgages convincing panel
  • 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.
  • Significant non-compliance with post completion requirements set by ModaMortgages

How can we assist? ModaMortgages panel reinstatement questions

  • Is there a limit to the number of occasions my law firm can apply to be reinstated on the ModaMortgages conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the ModaMortgages conveyancing panel?
  • Who should complete the reinstatement application to the ModaMortgages panel ?
  • Can this firm act for ModaMortgages while the application for reinstatement on the ModaMortgages panel is being processed? How do I know if our reinstatement application to the ModaMortgages panel is approved?
  • What will happen if our ModaMortgages panel reinstatement application is rejected and our client has a mortgage application with the ModaMortgages?

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.

Related Pages