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 adopt.
- Your law firm no longer meets the criteria to remain on the ModaMortgages conveyancing 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.
- Recurring non-compliance with post completion requirements on behalf of ModaMortgages
- Breaches of ModaMortgages conveyancing panel requirements
ModaMortgages panel reinstatement: Five Common Questions
- Can we act for ModaMortgages while the appeal for reinstatement on the ModaMortgages panel is being processed? How do I know if our reinstatement appeal to the ModaMortgages panel is approved?
- Is there a limit to the number of times my practice can submit applications to be reinstated on the ModaMortgages conveyancing panel?
- Is there a cost to be reinstated onto the ModaMortgages conveyancing panel?
- How often will this firm be required to re-apply to remain on the ModaMortgages conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with ModaMortgages is refused?
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 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 ModaMortgages conveyancing panel.