Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the New Street Mortgages convincing panel
- Non-compliance with the New Street Mortgages panel requirements, 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.
- Persistent non-compliance with post completion requirements on behalf of New Street Mortgages
- 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 panel reinstatement : questions that we get asked
- Are you able to explain why this practice’s application for reinstatement is turned down?
- What happens if our New Street Mortgages panel reinstatement application is refused and the client of the firm has a mortgage application with the New Street Mortgages?
- Is the door firmly shut if my firm’s reinstatement panel application with New Street Mortgages is rejected?
- Am I restricted as to the amount of times my practice can submit applications to get back on the New Street Mortgages conveyancing panel?
- What is the application process 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.