Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the ModaMortgages convincing panel
- Breaches of ModaMortgages conveyancing panel requirements
- 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.
- Significant 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.
- Non-compliance 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 subscribe.
ModaMortgages panel reinstatement : You have questions, we have answers
- Please can you set out the application procedures to be reinstated onto the ModaMortgages conveyancing panel?
- What are the next steps open to me if our ModaMortgages panel reinstatement application is turned down and the client of the firm has a mortgage application with the ModaMortgages?
- Am I restricted as to the amount of times my firm can submit applications to be reinstated on the ModaMortgages conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with ModaMortgages is rejected?
- Does my practice need to apply annually to remain 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 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.