Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- ModaMortgages may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Breaches of ModaMortgages conveyancing panel Terms and Conditions
- Non-compliance with the ModaMortgages panel requirements, 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 adopt.
- Your practice no longer meets the criteria to remain on the ModaMortgages conveyancing panel
- Significant delays in post completion requirements on behalf of ModaMortgages
Answers to Frequently asked questions concerning ModaMortgages panel reinstatement
- Do any avenues remain open if our reinstatement panel submission with ModaMortgages is refused?
- Does the COLP in my firm need to 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 reviewed? How do I discover if our reinstatement application to the ModaMortgages panel is accepted?
- How often will this firm be required to re-apply to be reinstated on the ModaMortgages conveyancing panel?
- Is there a charge to revert back 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 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.