Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated

  • Newbury Mortgage Services 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.
  • Non-compliance with the Newbury Mortgage Services panel requirements, the written instructions that Newbury Mortgage Services give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newbury Mortgage Services may subsequently adopt.
  • Significant delays in post completion requirements set by Newbury Mortgage Services
  • Breaches of Newbury Mortgage Services conveyancing panel requirements
  • Your practice fails to meet the criteria to remain on the Newbury Mortgage Services conveyancing panel

Questions Newbury Mortgage Services panel reinstatement firms ask us

  • Is there a cost to revert back onto the Newbury Mortgage Services conveyancing panel?
  • Can we act for Newbury Mortgage Services while the appeal for reinstatement on the Newbury Mortgage Services panel is being progressed? How do I know if our reinstatement application to the Newbury Mortgage Services panel is accepted?
  • Am I restricted as to the amount of times my firm can submit applications to get back on the Newbury Mortgage Services conveyancing panel?
  • How often will this firm be required to re-apply to remain on the Newbury Mortgage Services conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel submission with Newbury Mortgage Services is turned down?

Top Tip: The best way to avoid the hassle of seeking Newbury Mortgage Services panel reinstatement is to ensure that your firm is not removed off of the Newbury Mortgage Services 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 Newbury Mortgage Services conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Newbury Mortgage Services 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 Newbury Mortgage Services conveyancing panel.

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