Removal from the Mortgage Express and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements on behalf of Mortgage Express
- Non-compliance with the Mortgage Express panel requirements, the written instructions that Mortgage Express provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mortgage Express may subsequently subscribe.
- Breaches of Mortgage Express conveyancing panel Terms and Conditions
- Recurring 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.
- Missing deadline to reapply to remain on the Mortgage Express convincing panel
Mortgage Express Conveyancing Panel Reinstatement: Common Questions
- What times frames are involved when applying to revert back onto the Mortgage Express conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel submission with Mortgage Express is turned down?
- Can this firm act for Mortgage Express while the application for reinstatement on the Mortgage Express panel is being reviewed? How do I find out 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 ?
- What are the consequences if our Mortgage Express panel reinstatement application is refused and the client of the firm has a mortgage offer with the Mortgage Express?
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.