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
- 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.
- Breaches of Newbury Mortgage Services conveyancing panel requirements
- Failure to act in accordance with the Newbury Mortgage Services panel terms, 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 subscribe.
- Newbury Mortgage Services 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.
Common questions about Newbury Mortgage Services conveyancing panel reinstatement
- Am I restricted as to the amount of occasions my firm can submit applications to get back on the Newbury Mortgage Services conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Newbury Mortgage Services conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Newbury Mortgage Services conveyancing panel?
- Can we act for Newbury Mortgage Services while the application for reinstatement on the Newbury Mortgage Services panel is being assessed? How do I discover if our reinstatement appeal to the Newbury Mortgage Services panel is accepted?
- 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 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.