Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Newbury Mortgage Services convincing panel
- Recurring delays in post completion requirements set by Newbury Mortgage Services
- Failure to act in accordance with the Newbury Mortgage Services panel requirements, the written instructions that Newbury Mortgage Services provide 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 Terms and Conditions
- Persistent delays in registering a charge 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
- Can this firm act for Newbury Mortgage Services while the application for reinstatement on the Newbury Mortgage Services panel is being reviewed? How do I discover if our reinstatement application to the Newbury Mortgage Services panel is accepted?
- What are our options if my firm’s reinstatement panel application with Newbury Mortgage Services is declined?
- Does the COLP in my firm need to complete the reinstatement application to the Newbury Mortgage Services panel ?
- What are the consequences if our Newbury Mortgage Services panel reinstatement application is rejected and the client of the firm has a mortgage application with the Newbury Mortgage Services?
- Does my practice need to apply annually 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.