Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Newbury Mortgage Services conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Newbury Mortgage Services
- 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.
- 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.
- Missing deadline to reapply to remain on the Newbury Mortgage Services convincing panel
Frequently asked questions concerning Newbury Mortgage Services panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel application with Newbury Mortgage Services is rejected?
- Am I restricted as to the number of times my firm can submit applications to be reinstated on the Newbury Mortgage Services conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Newbury Mortgage Services conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Newbury Mortgage Services panel ?
- Are you able to explain why this practice’s application for reinstatement is declined?
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 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 Newbury Mortgage Services conveyancing panel.