Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Mortgage Agency Services conveyancing panel
- Mortgage Agency Services 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 delays in registering security on behalf of Mortgage Agency Services Delays or failure to register the Mortgage Agency Services charge may result in referral to external lawyers of Mortgage Agency Services to complete outstanding requirements.
- Failure to reapply to remain on the Mortgage Agency Services convincing panel
- Recurring delays in post completion requirements on behalf of Mortgage Agency Services
Frequently asked questions concerning Mortgage Agency Services panel reinstatement
- Can we act for Mortgage Agency Services while the application for reinstatement on the Mortgage Agency Services panel is being reviewed? How do I find out if our reinstatement appeal to the Mortgage Agency Services panel is approved?
- What are our options if my firm’s reinstatement panel submission with Mortgage Agency Services is refused?
- Is there a limit to the amount of times my law firm can submit applications to be reinstated on the Mortgage Agency Services conveyancing panel?
- How long does the application process take when applying to revert back onto the Mortgage Agency Services conveyancing panel?
- What happens if our Mortgage Agency Services panel reinstatement application is declined and our client has a mortgage offer with the Mortgage Agency Services?
Top Tip: The best way to avoid the hassle of seeking Mortgage Agency Services panel reinstatement is to ensure that your firm is not removed off of the Mortgage Agency Services 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 Mortgage Agency Services conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Mortgage Agency Services 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 Mortgage Agency Services conveyancing panel.