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
  • Recurring non-compliance with post completion requirements set by Precise Mortgages
  • Recurring 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 provides false answers in its application form or in relation to any future requests for information.
  • 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.

Precise Mortgages Conveyancing Panel Reinstatement: Common Questions

  • Can we act for Precise Mortgages while the application for reinstatement on the Precise Mortgages panel is being processed? How do I find out if our reinstatement appeal to the Precise Mortgages panel is accepted?
  • What is the application process to be reinstated onto the Precise Mortgages conveyancing panel?
  • How often will this firm be required to re-apply to be reinstated on the Precise Mortgages conveyancing panel?
  • Is the door firmly shut if my firm’s reinstatement panel submission with Precise Mortgages is refused?
  • Is there a fee 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.

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