Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of New Street Mortgages
- Missing deadline to reapply to be on the New Street Mortgages convincing panel
- Persistent delays in registering a charge on behalf of New Street Mortgages Delays or failure to register the New Street Mortgages charge may result in referral to external lawyers of New Street Mortgages to complete outstanding requirements.
- Breaches of New Street Mortgages conveyancing panel requirements
- New Street Mortgages 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.
New Street Mortgages panel reinstatement : questions that we get asked
- Is it possible to find out this practice’s application for reinstatement was declined?
- Can this firm act for New Street Mortgages while the appeal for reinstatement on the New Street Mortgages panel is being reviewed? How do I know if our reinstatement appeal to the New Street Mortgages panel is approved?
- Do any avenues remain open if our reinstatement panel submission with New Street Mortgages is rejected?
- Is there a limit to the number of occasions my practice can submit applications to get back on the New Street Mortgages conveyancing panel?
- How long does the application process take when applying to revert back onto the New Street Mortgages conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking New Street Mortgages panel reinstatement is to ensure that your firm is not removed off of the New Street Mortgages 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 New Street Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to New Street Mortgages 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 New Street Mortgages conveyancing panel.