Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security 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.
- Failure to reapply to be on the New Street Mortgages convincing panel
- Persistent non-compliance with post completion requirements set by New Street Mortgages
- 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.
- Your law firm no longer meets the criteria to remain on the New Street Mortgages conveyancing panel
New Street Mortgages panel reinstatement: Five Common Questions
- Does my practice need to apply annually to remain on the New Street Mortgages conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with New Street Mortgages is turned down?
- What happens if our New Street Mortgages panel reinstatement application is turned down and the client of the firm has a mortgage offer with the New Street Mortgages?
- How long does the application process take when applying to be reinstated onto the New Street Mortgages conveyancing panel?
- Please can you set out the application process to be reinstated 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.