Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Significant delays in post completion requirements on behalf of Precise Mortgages
- Failure to reapply to be on the Precise Mortgages convincing panel
- Failure to act in accordance 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 adopt.
- Significant 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 law firm fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
Questions Precise Mortgages panel reinstatement firms ask us
- Does my practice need to apply annually to be reinstated on the Precise Mortgages conveyancing panel?
- Who should complete the reinstatement application to the Precise Mortgages panel ?
- Am I restricted as to the amount of times my practice can submit applications to get back on the Precise Mortgages conveyancing panel?
- Is there a fee to revert back onto the Precise Mortgages conveyancing panel?
- What is the application protocol 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 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.