Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements set by Precise Mortgages
- 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.
- Your practice fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
- Missing deadline to reapply to be on the Precise Mortgages convincing panel
- 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.
Top questions concerning Precise Mortgages panel reinstatement
- How long does the application process take when applying to revert back 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?
- Can this firm act for Precise Mortgages while the appeal for reinstatement on the Precise Mortgages panel is being progressed? How do I discover if our reinstatement application to the Precise Mortgages panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Precise Mortgages panel ?
- Is there a cost 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.