Removal from the Rely Mortgages and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security on behalf of Rely Mortgages Delays or failure to register the Rely Mortgages charge may result in referral to external lawyers of Rely Mortgages to complete outstanding requirements.
- Breaches of Rely Mortgages conveyancing panel requirements
- Significant non-compliance with post completion requirements on behalf of Rely Mortgages
- Failure to reapply to remain on the Rely Mortgages convincing panel
- Rely 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.
Questions Rely Mortgages panel reinstatement firms ask us
- What happens if our Rely Mortgages panel reinstatement application is refused and the client of the firm has a mortgage application with the Rely Mortgages?
- Can we act for Rely Mortgages while the appeal for reinstatement on the Rely Mortgages panel is being processed? How do I discover if our reinstatement appeal to the Rely Mortgages panel is accepted?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Rely Mortgages conveyancing panel?
- Is there a cost to revert back onto the Rely Mortgages conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Rely Mortgages panel ?
Top Tip: The best way to avoid the hassle of seeking Rely Mortgages panel reinstatement is to ensure that your firm is not removed off of the Rely 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 Rely Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Rely 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 Rely Mortgages conveyancing panel.