Removal from the Precise Mortgages and other lender panels: Why they do it and how to get reinstated
- Breaches of Precise Mortgages conveyancing panel requirements
- Recurring non-compliance with post completion requirements on behalf of Precise Mortgages
- Failure to reapply to remain on the Precise Mortgages convincing panel
- Non-compliance with the Precise Mortgages panel requirements, the written instructions that Precise Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Precise Mortgages may subsequently adopt.
- Recurring 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 Conveyancing Panel Reinstatement: Common Questions
- Do any avenues remain open if my firm’s reinstatement panel application with Precise Mortgages is refused?
- Is it the practice manager who is required to complete the reinstatement application to the Precise Mortgages panel ?
- Am I restricted as to the number of occasions my practice can apply to be reinstated on the Precise Mortgages conveyancing panel?
- What times frames are involved when applying to revert back onto the Precise Mortgages conveyancing panel?
- How often will this firm be required to re-apply to remain on 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.