Removal from the Rely Mortgages and other lender panels: Why they do it and how to get reinstated
- Rely 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.
- Recurring delays in registering a charge 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.
- Your firm fails to meet the criteria to remain on the Rely Mortgages conveyancing panel
- Persistent delays in post completion requirements set by Rely Mortgages
- Failure to act in accordance with the Rely Mortgages panel requirements, the written instructions that Rely Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Rely Mortgages may subsequently subscribe.
Answers to Frequently asked questions concerning Rely Mortgages panel reinstatement
- Am I restricted as to the number of occasions my law 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?
- Can we act for Rely Mortgages while the appeal for reinstatement on the Rely Mortgages panel is being reviewed? How do I discover if our reinstatement application to the Rely Mortgages panel is accepted?
- Are you able to explain why our application for reinstatement is rejected?
- How long does the application process take when applying to be reinstated onto the Rely Mortgages conveyancing 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 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 Rely Mortgages conveyancing panel.