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

  • 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.
  • Missing deadline to reapply to remain on the Mortgage Agency Services convincing panel
  • Non-compliance 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.
  • Persistent delays in post completion requirements on behalf of Mortgage Agency Services
  • Your law firm fails to meet the criteria to remain on the Mortgage Agency Services conveyancing panel

Answers to Frequently asked questions concerning Mortgage Agency Services panel reinstatement

  • What times frames are involved when applying to revert back onto the Mortgage Agency Services conveyancing panel?
  • Does my practice need to apply annually to be reinstated on the Mortgage Agency Services conveyancing panel?
  • Is there a cost to be reinstated onto the Mortgage Agency Services conveyancing panel?
  • What are the consequences if our Mortgage Agency Services panel reinstatement application is declined and the client of the firm has a mortgage application with the Mortgage Agency Services?
  • Can you outline the application process 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 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.

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