Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Mortgage Agency Services panel requirements, the written instructions that Mortgage Agency Services give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mortgage Agency Services may subsequently subscribe.
- Your law firm no longer meets the criteria to remain on the Mortgage Agency Services conveyancing panel
- Breaches of Mortgage Agency Services conveyancing panel Terms and Conditions
- Mortgage Agency Services 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.
- Missing deadline to reapply to remain on the Mortgage Agency Services convincing panel
FAQs : Mortgage Agency Services Conveyancing panel reinstatement
- How long does the application process take when applying to be reinstated onto the Mortgage Agency Services conveyancing panel?
- What are the next steps open to me if our Mortgage Agency Services panel reinstatement application is refused and the client of the firm has a mortgage offer with the Mortgage Agency Services?
- Is there a cost to be reinstated onto the Mortgage Agency Services conveyancing panel?
- How often will this firm be required to re-apply to remain on the Mortgage Agency Services conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Mortgage Agency Services is declined?
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.