Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Mortgage Agency Services convincing panel
- Your firm fails to meet 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 terms, 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.
- Significant delays in registering a charge 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.
Answers to Frequently asked questions concerning Mortgage Agency Services panel reinstatement
- Is it possible to find out my firm’s application for reinstatement is declined?
- Can this firm act for Mortgage Agency Services while the application for reinstatement on the Mortgage Agency Services panel is being assessed? How do I find out if our reinstatement appeal to the Mortgage Agency Services panel is accepted?
- Is it the practice manager who is required to complete the reinstatement application to the Mortgage Agency Services panel ?
- Does my practice need to apply annually to remain on the Mortgage Agency Services conveyancing panel?
- What are the next steps open to me if our Mortgage Agency Services panel reinstatement application is turned down and the client of the firm has a mortgage application 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.