Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Breaches of Precise Mortgages conveyancing panel requirements
- Missing deadline to reapply to remain on the Precise Mortgages convincing panel
- Significant non-compliance with post completion requirements set by Precise Mortgages
- 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.
- Your firm fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
Precise Mortgages panel reinstatement : You have questions, we have answers
- How often will this firm be required to re-apply to be reinstated on the Precise Mortgages conveyancing panel?
- What are the next steps open to me if our Precise Mortgages panel reinstatement application is turned down and our client has a mortgage offer with the Precise Mortgages?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Precise Mortgages is declined?
- Who should sign the reinstatement application to the Precise Mortgages panel ?
- Is there a fee to be reinstated 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 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.