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reinstatement guidance

Removal from the MTF (LE) and other lender panels: Why they do it and how to get reinstated

  • Breaches of MTF (LE) conveyancing panel requirements
  • Significant delays in post completion requirements on behalf of MTF (LE)
  • Your law firm fails to meet the criteria to remain on the MTF (LE) conveyancing panel
  • Failure to act in accordance with the MTF (LE) panel terms, the written instructions that MTF (LE) give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which MTF (LE) may subsequently adopt.
  • Significant delays in registering security on behalf of MTF (LE) Delays or failure to register the MTF (LE) charge may result in referral to external lawyers of MTF (LE) to complete outstanding requirements.
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reinstatement guidance

Top questions concerning MTF (LE) panel reinstatement

  • Are you able to explain why my firm’s application for reinstatement was turned down?
  • How long does the application process take when applying to be reinstated onto the MTF (LE) conveyancing panel?
  • What are the consequences if our MTF (LE) panel reinstatement application is declined and the client of the firm has a mortgage application with the MTF (LE)?
  • How often will this firm be required to re-apply to be reinstated on the MTF (LE) conveyancing panel?
  • Please can you set out the application protocol to be reinstated onto the MTF (LE) conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking MTF (LE) panel reinstatement is to ensure that your firm is not removed off of the MTF (LE) 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 MTF (LE) conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to MTF (LE) 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 MTF (LE) conveyancing panel.

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