Removal from the Mortgage Express (No 2) and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Persistent 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.
- Breaches of Mortgage Express (No 2) conveyancing panel Terms and Conditions
- Mortgage Express (No 2) may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Recurring delays in post completion requirements on behalf of Mortgage Express (No 2)
FAQs : Mortgage Express (No 2) Conveyancing panel reinstatement
- What happens 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)?
- Who should complete the reinstatement application to the Mortgage Express (No 2) panel ?
- Is there a cost to be reinstated onto the Mortgage Express (No 2) conveyancing panel?
- Can we appeal if our application for reinstatement was declined?
- Does my practice need to apply annually to remain 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 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.