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 provides false answers in its application form or in relation to any future requests for information.
  • Breaches of Precise Mortgages conveyancing panel Terms and Conditions
  • Persistent 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.
  • Recurring delays in post completion requirements set by Precise Mortgages
  • Failure to reapply to be on the Precise Mortgages convincing panel

Common queries about Precise Mortgages conveyancing panel reinstatement

  • Do any avenues remain open if our reinstatement panel application with Precise Mortgages is refused?
  • Is there a limit to the number of times my firm can submit applications to be reinstated on the Precise Mortgages conveyancing panel?
  • Does the COLP in my firm need to complete the reinstatement application to the Precise Mortgages panel ?
  • Is it possible to find out our application for reinstatement is turned down?
  • What times frames are involved when applying 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 appointed 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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