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
- 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.
- Persistent non-compliance with post completion requirements set by New Street Mortgages
- Failure to reapply to be on the New Street Mortgages convincing panel
- Failure to act in accordance with the New Street Mortgages panel requirements, 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.
Questions New Street Mortgages panel reinstatement firms ask us
- Please can you set out the application protocol to revert back onto the New Street Mortgages conveyancing panel?
- Does my practice need to apply annually to remain on the New Street Mortgages conveyancing panel?
- Is there a limit to the amount of times my law firm can apply to get back on the New Street Mortgages conveyancing panel?
- What are the consequences if our New Street Mortgages panel reinstatement application is rejected and our client has a mortgage offer with the New Street Mortgages?
- How do I discover why my firm’s application for reinstatement was refused?
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 appointed 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.