Precise Mortgages panel reinstatement guidance - Here to help

There are a number of explanations why a law firm could be terminated from the Precise Mortgages conveyancing panel. Here are a few:

  1. Non-compliance with the Precise Mortgages panel terms, the written instructions that Precise Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Precise Mortgages may subsequently subscribe.
  2. 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.
  3. Your firm no longer meets the criteria to remain on the Precise Mortgages conveyancing panel
  4. Missing deadline to reapply to remain on the Precise Mortgages convincing panel
  5. Breaches of Precise Mortgages conveyancing panel requirements

Precise Mortgages panel reinstatement: Five Common Questions

  1. Can this firm act for Precise Mortgages while the application for reinstatement on the Precise Mortgages panel is being progressed? How do I know if our reinstatement appeal to the Precise Mortgages panel is approved?
  2. Can you outline the application procedures to be reinstated onto the Precise Mortgages conveyancing panel?
  3. What are the next steps open to me if our Precise Mortgages panel reinstatement application is turned down and our client has a mortgage application with the Precise Mortgages?
  4. Who should complete the reinstatement application to the Precise Mortgages panel ?
  5. What are our options if my firm’s reinstatement panel application with Precise Mortgages is refused?

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.