Removal from the New Street Mortgages and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the New Street Mortgages convincing panel
- New Street Mortgages may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Persistent delays in post completion requirements set by New Street Mortgages
- Breaches of New Street Mortgages conveyancing panel requirements
- Non-compliance 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.
Frequently asked questions concerning New Street Mortgages panel reinstatement
- Can you outline the application process to revert back onto the New Street Mortgages conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is turned down?
- Can we act for New Street Mortgages while the appeal for reinstatement on the New Street Mortgages panel is being processed? How do I discover if our reinstatement appeal to the New Street Mortgages panel is approved?
- Is it the practice manager who is required to sign the reinstatement application to the New Street Mortgages panel ?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with New Street Mortgages is rejected?
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.