Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- Breaches of Newbury Mortgage Services conveyancing panel requirements
- Persistent non-compliance with post completion requirements on behalf of Newbury Mortgage Services
- Your practice no longer meets the criteria to remain on the Newbury Mortgage Services conveyancing panel
- Persistent delays in registering security on behalf of Newbury Mortgage Services Delays or failure to register the Newbury Mortgage Services charge may result in referral to external lawyers of Newbury Mortgage Services to complete outstanding requirements.
Newbury Mortgage Services panel reinstatement : questions that we get asked
- What will happen if our Newbury Mortgage Services panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Newbury Mortgage Services?
- Is there a limit to the amount of occasions my firm can apply to get back on the Newbury Mortgage Services conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Newbury Mortgage Services conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is declined?
- How often will this firm be required to re-apply to remain on the Newbury Mortgage Services conveyancing panel?
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.