Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
- Persistent delays in registering a charge 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.
- Missing deadline to reapply to be on the Precise Mortgages convincing panel
- Breaches of Precise Mortgages conveyancing panel Terms and Conditions
- 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 subscribe.
Frequently asked questions concerning Precise Mortgages panel reinstatement
- Can we act for Precise Mortgages while the appeal for reinstatement on the Precise Mortgages panel is being reviewed? How do I discover if our reinstatement appeal to the Precise Mortgages panel is approved?
- Is the door firmly shut if our reinstatement panel application with Precise Mortgages is refused?
- Is there a limit to the number of times my law firm can apply to be reinstated on the Precise Mortgages conveyancing panel?
- Is there a charge to be reinstated onto the Precise Mortgages conveyancing panel?
- How long does the application process take when applying 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.