Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent non-compliance with post completion requirements set by New Street Mortgages
- Failure to act in accordance with the New Street Mortgages panel requirements, the written instructions that New Street Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which New Street Mortgages may subsequently subscribe.
- Your firm fails to meet the criteria to remain on the New Street Mortgages conveyancing panel
- 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 Conveyancing Panel Reinstatement: Common Questions
- How do I discover why my firm’s application for reinstatement was refused?
- Can we act for New Street Mortgages while the appeal for reinstatement on the New Street Mortgages panel is being processed? How do I know if our reinstatement application to the New Street Mortgages panel is approved?
- Who should complete the reinstatement application to the New Street Mortgages panel ?
- Am I restricted as to the amount of times my practice can submit applications to be reinstated 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 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 New Street Mortgages conveyancing panel.