Removal from the Newbury Mortgage Services and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Your law firm fails to meet the criteria to remain on the Newbury Mortgage Services conveyancing panel
- Recurring delays in post completion requirements on behalf of Newbury Mortgage Services
- Missing deadline to reapply to remain on the Newbury Mortgage Services convincing panel
- Recurring 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 Conveyancing Panel Reinstatement: Common Questions
- Am I restricted as to the amount of times my practice can apply to be reinstated on the Newbury Mortgage Services conveyancing panel?
- Please can you set out the application procedures to revert back onto the Newbury Mortgage Services conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is turned down?
- Is the door firmly shut if my firm’s reinstatement panel application with Newbury Mortgage Services 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 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.