Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated

  • 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.
  • Breaches of Precise Mortgages conveyancing panel requirements
  • 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.
  • Your firm fails to meet the criteria to remain on the Precise Mortgages conveyancing panel
  • Persistent non-compliance with post completion requirements set by Precise Mortgages

Questions Precise Mortgages panel reinstatement firms ask us

  • What is the application process to be reinstated onto the Precise Mortgages conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Precise Mortgages conveyancing panel?
  • Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Precise Mortgages conveyancing panel?
  • Does my practice need to apply annually to be reinstated on the Precise Mortgages conveyancing panel?
  • Is it the practice manager who is required to sign 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.

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