Removal from the Mortgage Express (No 2) and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant delays in post completion requirements on behalf of Mortgage Express (No 2)
- Recurring delays in registering a charge on behalf of Mortgage Express (No 2) Delays or failure to register the Mortgage Express (No 2) charge may result in referral to external lawyers of Mortgage Express (No 2) to complete outstanding requirements.
- Non-compliance with the Mortgage Express (No 2) panel requirements, 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.
- Missing deadline to reapply to be on the Mortgage Express (No 2) convincing panel
Mortgage Express (No 2) panel reinstatement : You have questions, we have answers
- Does my practice need to apply annually to remain on the Mortgage Express (No 2) conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is declined?
- Is there a limit to the number of times my practice can submit applications to get back on the Mortgage Express (No 2) conveyancing panel?
- Is there a cost to revert back onto the Mortgage Express (No 2) conveyancing panel?
- How long does the application process take when applying to revert back onto the Mortgage Express (No 2) conveyancing panel?
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 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 (No 2) conveyancing panel.