Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Newbury Mortgage Services
- 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.
- 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.
- Breaches of Newbury Mortgage Services conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the Newbury Mortgage Services conveyancing panel
Frequently asked questions concerning Newbury Mortgage Services panel reinstatement
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the Newbury Mortgage Services conveyancing panel?
- What times frames are involved when applying to revert back onto the Newbury Mortgage Services conveyancing panel?
- What are the next steps open to me if our Newbury Mortgage Services panel reinstatement application is declined and our client has a mortgage offer with the Newbury Mortgage Services?
- Does my practice need to apply annually to be reinstated on the Newbury Mortgage Services conveyancing panel?
- Is there a fee to be reinstated onto 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.