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 requirements
- Your practice no longer meets the criteria to remain on the New Street Mortgages conveyancing panel
- Significant delays in post completion requirements on behalf of New Street Mortgages
- Failure to act in accordance with the New Street Mortgages panel terms, 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 adopt.
- Missing deadline to reapply to be on the New Street Mortgages convincing panel
New Street Mortgages Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to revert back onto the New Street Mortgages conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the New Street Mortgages panel ?
- What happens if our New Street Mortgages panel reinstatement application is declined and our client has a mortgage application with the New Street Mortgages?
- Is there a limit to the amount of times my law firm can apply to get back on the New Street Mortgages conveyancing panel?
- Is there a charge 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.