Removal from the Mortgage Express and other lender panels: Why they do it and how to get reinstated
- Mortgage Express 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.
- Persistent non-compliance with post completion requirements on behalf of Mortgage Express
- Failure to act in accordance 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.
- Persistent delays in registering security on behalf of Mortgage Express Delays or failure to register the Mortgage Express charge may result in referral to external lawyers of Mortgage Express to complete outstanding requirements.
- Failure to reapply to remain on the Mortgage Express convincing panel
Mortgage Express Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to be reinstated onto the Mortgage Express conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Mortgage Express panel ?
- Do any avenues remain open if our reinstatement panel application with Mortgage Express is turned down?
- Please can you set out the application protocol to be reinstated onto the Mortgage Express conveyancing panel?
- Can this firm act for Mortgage Express while the appeal for reinstatement on the Mortgage Express panel is being progressed? How do I know if our reinstatement appeal to the Mortgage Express panel is accepted?
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 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 Express conveyancing panel.