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Has your law firm been removed from the New Street Mortgages conveyancing panel?

There are many possible explanations why a firm might be terminated from the New Street Mortgages conveyancing panel. Here are a few:

  1. Recurring non-compliance with post completion requirements set by New Street Mortgages
  2. Your firm fails to meet the criteria to remain on the New Street Mortgages conveyancing panel
  3. Missing deadline to reapply to be on the New Street Mortgages convincing panel
  4. 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.
  5. 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 subscribe.

Common queries about New Street Mortgages conveyancing panel reinstatement

  1. How often will this firm be required to re-apply to remain on the New Street Mortgages conveyancing panel?
  2. Are you able to explain why our application for reinstatement was turned down?
  3. What times frames are involved when applying to revert back onto the New Street Mortgages conveyancing panel?
  4. Please can you set out the application protocol to be reinstated onto the New Street Mortgages conveyancing panel?
  5. Who should sign the reinstatement application to the New Street Mortgages 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.