Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- 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.
- Non-compliance 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 adopt.
- Breaches of Precise Mortgages conveyancing panel requirements
- Significant delays in post completion requirements on behalf of Precise Mortgages
- Missing deadline to reapply to be on the Precise Mortgages convincing panel
How can we assist? Precise Mortgages panel reinstatement questions
- Can this firm act for Precise Mortgages while the appeal for reinstatement on the Precise Mortgages panel is being assessed? How do I find out if our reinstatement appeal to the Precise Mortgages panel is approved?
- Is the door firmly shut if our reinstatement panel application with Precise Mortgages is rejected?
- Is there a cost to revert back onto the Precise Mortgages conveyancing panel?
- Does my practice need to apply annually to remain on the Precise Mortgages conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Precise Mortgages 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.