Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated

  • Breaches of Precise Mortgages conveyancing panel Terms and Conditions
  • Persistent delays in registering security on behalf of Precise Mortgages Delays or failure to register the Precise Mortgages charge may result in referral to external lawyers of Precise Mortgages to complete outstanding requirements.
  • Failure to act in accordance with the Precise Mortgages panel terms, the written instructions that Precise Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Precise Mortgages may subsequently adopt.
  • Precise Mortgages 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.
  • Significant delays in post completion requirements set by Precise Mortgages

Top questions concerning Precise Mortgages panel reinstatement

  • Is there a limit to the number of times my firm can submit applications to get back on the Precise Mortgages conveyancing panel?
  • What times frames are involved when applying to revert back onto the Precise Mortgages conveyancing panel?
  • What are the next steps open to me if our Precise Mortgages panel reinstatement application is rejected and our client has a mortgage application with the Precise Mortgages?
  • How often will this firm be required to re-apply to remain on the Precise Mortgages conveyancing panel?
  • Is there a fee to revert back onto the Precise Mortgages conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Precise Mortgages panel reinstatement is to ensure that your firm is not removed off of the Precise Mortgages 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 Precise Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Precise Mortgages 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 Precise Mortgages conveyancing panel.

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