Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the New Street Mortgages convincing panel
- Significant 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.
- 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.
- Breaches of New Street Mortgages conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements set by New Street Mortgages
Questions New Street Mortgages panel reinstatement firms ask us
- Do any avenues remain open if my firm’s reinstatement panel submission with New Street Mortgages is refused?
- Is there a limit to the amount of occasions my law firm can apply to get back on the New Street Mortgages conveyancing panel?
- Can we appeal if our application for reinstatement is refused?
- Is there a cost to revert back onto the New Street Mortgages conveyancing panel?
- How long does the application process take when applying 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.