Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Breaches of New Street Mortgages conveyancing panel Terms and Conditions
- Failure to act in accordance with the New Street Mortgages panel terms, the written instructions that New Street Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which New Street Mortgages may subsequently adopt.
- Your practice fails to meet the criteria to remain on the New Street Mortgages conveyancing panel
- Persistent delays in post completion requirements on behalf of New Street Mortgages
- Significant 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.
Common questions about New Street Mortgages conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the New Street Mortgages conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with New Street Mortgages is rejected?
- Is it the practice manager who is required to sign the reinstatement application to the New Street Mortgages panel ?
- Is it possible to find out my firm’s application for reinstatement is refused?
- Can this firm act for New Street Mortgages while the application for reinstatement on the New Street Mortgages panel is being assessed? How do I know if our reinstatement appeal to the New Street Mortgages panel is accepted?
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.