Removal from the ModaMortgages and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the ModaMortgages conveyancing panel
- 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.
- Recurring 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.
- Breaches of ModaMortgages conveyancing panel Terms and Conditions
- Recurring non-compliance with post completion requirements set by ModaMortgages
Common questions about ModaMortgages conveyancing panel reinstatement
- Who should sign the reinstatement application to the ModaMortgages panel ?
- How long does the application process take when applying to be reinstated onto the ModaMortgages conveyancing panel?
- What are the next steps open to me if our ModaMortgages panel reinstatement application is refused and the client of the firm has a mortgage application with the ModaMortgages?
- Is there a limit to the number of times my practice can apply to be reinstated on the ModaMortgages conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with ModaMortgages is turned down?
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.