Removal from the Mortgage Express (No 2) and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Mortgage Express (No 2) convincing panel
- Breaches of Mortgage Express (No 2) conveyancing panel requirements
- Failure to act in accordance with the Mortgage Express (No 2) panel terms, the written instructions that Mortgage Express (No 2) give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mortgage Express (No 2) may subsequently subscribe.
- Your firm no longer meets the criteria to remain on the Mortgage Express (No 2) conveyancing panel
- Mortgage Express (No 2) 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.
Top questions concerning Mortgage Express (No 2) panel reinstatement
- What times frames are involved when applying to revert back onto the Mortgage Express (No 2) conveyancing panel?
- Please can you set out the application protocol to revert back onto the Mortgage Express (No 2) conveyancing panel?
- Can we appeal if my firm’s application for reinstatement was declined?
- Do any avenues remain open if our reinstatement panel submission with Mortgage Express (No 2) is rejected?
- What are the next steps open to me if our Mortgage Express (No 2) panel reinstatement application is turned down and our client has a mortgage offer with the Mortgage Express (No 2)?
Top Tip: The best way to avoid the hassle of seeking Mortgage Express (No 2) panel reinstatement is to ensure that your firm is not removed off of the Mortgage Express (No 2) 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 (No 2) conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Mortgage Express (No 2) 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 (No 2) conveyancing panel.