Removal from the Mortgage Agency Services and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security 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.
- Failure to reapply to be on the Mortgage Agency Services convincing panel
- 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.
- Your firm fails to meet the criteria to remain on the Mortgage Agency Services conveyancing panel
- Non-compliance with the Mortgage Agency Services panel requirements, 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 adopt.
Mortgage Agency Services panel reinstatement : You have questions, we have answers
- What is the application procedures to revert back onto the Mortgage Agency Services conveyancing panel?
- Can we appeal if our application for reinstatement was turned down?
- What are the next steps open to me if our Mortgage Agency Services panel reinstatement application is rejected and our client has a mortgage application with the Mortgage Agency Services?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Mortgage Agency Services is turned down?
- Am I restricted as to the amount of times my firm can apply to get back on 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.