Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Precise Mortgages convincing panel
- Your practice fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
- Significant 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.
- Breaches of Precise Mortgages conveyancing panel Terms and Conditions
Precise Mortgages panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to remain on the Precise Mortgages conveyancing panel?
- What are the consequences if our Precise Mortgages panel reinstatement application is turned down and the client of the firm has a mortgage application with the Precise Mortgages?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Precise Mortgages is declined?
- Who should complete the reinstatement application to the Precise Mortgages panel ?
- How long does the application process take when applying 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 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.