Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated
- Breaches of Mortgage Agency Services conveyancing panel requirements
- 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 provide 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
- Missing deadline to reapply to remain on the Mortgage Agency Services convincing panel
Frequently asked questions concerning Mortgage Agency Services panel reinstatement
- Can we act for Mortgage Agency Services while the appeal for reinstatement on the Mortgage Agency Services panel is being assessed? How do I know if our reinstatement appeal to the Mortgage Agency Services panel is approved?
- Is there a limit to the number of occasions my law firm can submit applications to get back on the Mortgage Agency Services conveyancing panel?
- Is there a charge to revert back onto the Mortgage Agency Services conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Mortgage Agency Services conveyancing panel?
- Who should complete the reinstatement application to the Mortgage Agency Services 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 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.