Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated

  • Significant non-compliance with post completion requirements on behalf of Mortgage Agency Services
  • Your practice 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 provides false answers in its application form or in relation to any future requests for information.
  • 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 adopt.
  • Failure to reapply to remain on the Mortgage Agency Services convincing panel

Mortgage Agency Services panel reinstatement: Five Common Questions

  • What are the next steps open to me if our Mortgage Agency Services panel reinstatement application is declined and our client has a mortgage offer with the Mortgage Agency Services?
  • Can we act for Mortgage Agency Services while the application for reinstatement on the Mortgage Agency Services panel is being progressed? How do I find out if our reinstatement application to the Mortgage Agency Services panel is approved?
  • To what extent is my firm permanently excluded if our reinstatement panel submission with Mortgage Agency Services is refused?
  • Please can you set out the application protocol to be reinstated onto the Mortgage Agency Services conveyancing panel?
  • Is there a cost to be reinstated onto the Mortgage Agency Services conveyancing panel?

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 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 Mortgage Agency Services conveyancing panel.

Related Pages