Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Breaches of Precise Mortgages conveyancing panel Terms and Conditions
- Significant delays in post completion requirements set by Precise Mortgages
- 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.
- 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.
- Failure to reapply to remain on the Precise Mortgages convincing panel
Answers to Frequently asked questions concerning Precise Mortgages panel reinstatement
- How long does the application process take when applying to revert back onto the Precise Mortgages conveyancing panel?
- Is there a limit to the number of occasions my practice can apply to get back on the Precise Mortgages conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Precise Mortgages panel ?
- How often will this firm be required to re-apply to remain on the Precise Mortgages conveyancing panel?
- Is there a fee 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.