Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Significant delays in post completion requirements set by Precise Mortgages
- Non-compliance with the Precise Mortgages panel requirements, 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.
- Your firm fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
Top questions concerning Precise Mortgages panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel application with Precise Mortgages is refused?
- How do I discover why our application for reinstatement is refused?
- What will happen if our Precise Mortgages panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Precise Mortgages?
- Is there a limit to the amount of occasions my firm can submit applications to get back on the Precise Mortgages conveyancing panel?
- Does my practice need to apply annually to remain on 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.