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 remain on the Mortgage Express (No 2) convincing panel
- Non-compliance with the Mortgage Express (No 2) panel terms, the written instructions that Mortgage Express (No 2) provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mortgage Express (No 2) may subsequently adopt.
- Significant 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.
- 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.
- Your firm fails to meet the criteria to remain on the Mortgage Express (No 2) conveyancing panel
How can we assist? Mortgage Express (No 2) panel reinstatement questions
- Does my practice need to apply annually to be reinstated on the Mortgage Express (No 2) conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to get back on the Mortgage Express (No 2) conveyancing panel?
- Can we act for Mortgage Express (No 2) while the application for reinstatement on the Mortgage Express (No 2) panel is being progressed? How do I know if our reinstatement application to the Mortgage Express (No 2) panel is accepted?
- What are the consequences if our Mortgage Express (No 2) panel reinstatement application is turned down and the client of the firm has a mortgage application with the Mortgage Express (No 2)?
- Who should sign the reinstatement application to the Mortgage Express (No 2) 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.