Removal from the Mortgage Express and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Mortgage Express panel terms, the written instructions that Mortgage Express give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mortgage Express may subsequently adopt.
- Recurring non-compliance with post completion requirements set by Mortgage Express
- Failure to reapply to be on the Mortgage Express convincing panel
- Your firm fails to meet the criteria to remain on the Mortgage Express conveyancing panel
- Breaches of Mortgage Express conveyancing panel requirements
Top questions concerning Mortgage Express panel reinstatement
- Can we act for Mortgage Express while the application for reinstatement on the Mortgage Express panel is being assessed? How do I know if our reinstatement appeal to the Mortgage Express panel is accepted?
- Does the COLP in my firm need to sign the reinstatement application to the Mortgage Express panel ?
- How long does the application process take when applying to be reinstated onto the Mortgage Express conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Mortgage Express conveyancing panel?
- Is there a charge to be reinstated onto the Mortgage Express conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Mortgage Express panel reinstatement is to ensure that your firm is not removed off of the Mortgage Express 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 Express conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Mortgage Express 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 Express conveyancing panel.