Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Precise Mortgages 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.
- Breaches of Precise Mortgages conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Precise Mortgages convincing panel
- 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.
- 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.
Answers to Frequently asked questions concerning Precise Mortgages panel reinstatement
- What times frames are involved when applying to be reinstated onto the Precise Mortgages conveyancing panel?
- Does my practice need to apply annually to remain on the Precise Mortgages conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with Precise Mortgages is turned down?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Precise Mortgages conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Precise Mortgages 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 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 Precise Mortgages conveyancing panel.