Removal from the Mortgage Express (No 2) and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- 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.
- Breaches of Mortgage Express (No 2) conveyancing panel requirements
- Missing deadline to reapply to remain on the Mortgage Express (No 2) convincing panel
- Significant non-compliance with post completion requirements set by Mortgage Express (No 2)
Mortgage Express (No 2) Conveyancing Panel Reinstatement: Common Questions
- How do I discover why our application for reinstatement is rejected?
- How often will this firm be required to re-apply to remain on the Mortgage Express (No 2) conveyancing panel?
- Am I restricted as to the number of occasions my law firm can apply to be reinstated on the Mortgage Express (No 2) conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Mortgage Express (No 2) is refused?
- What will happen if our Mortgage Express (No 2) panel reinstatement application is refused and the client of the firm has a mortgage application 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.