Removal from the Mortgage Express (No 2) and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Mortgage Express (No 2) panel requirements, 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 subscribe.
- Recurring delays in post completion requirements on behalf of Mortgage Express (No 2)
- Missing deadline to reapply to remain on the Mortgage Express (No 2) convincing panel
- Breaches of Mortgage Express (No 2) conveyancing panel Terms and Conditions
- Significant delays in registering security 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.
Frequently asked questions concerning Mortgage Express (No 2) panel reinstatement
- Who should complete the reinstatement application to the Mortgage Express (No 2) panel ?
- Do any avenues remain open if our reinstatement panel submission with Mortgage Express (No 2) is declined?
- Can we appeal if my firm’s application for reinstatement is refused?
- Is there a charge to be reinstated onto the Mortgage Express (No 2) conveyancing panel?
- Does my practice need to apply annually to be reinstated on 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 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.