Removal from the Rooftop Mortgages and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Rooftop Mortgages panel requirements, the written instructions that Rooftop Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Rooftop Mortgages may subsequently subscribe.
- Breaches of Rooftop Mortgages conveyancing panel requirements
- Significant delays in registering a charge on behalf of Rooftop Mortgages Delays or failure to register the Rooftop Mortgages charge may result in referral to external lawyers of Rooftop Mortgages to complete outstanding requirements.
- Rooftop 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.
- Significant non-compliance with post completion requirements set by Rooftop Mortgages
Rooftop Mortgages panel reinstatement : You have questions, we have answers
- What are the consequences if our Rooftop Mortgages panel reinstatement application is declined and the client of the firm has a mortgage offer with the Rooftop Mortgages?
- How long does the application process take when applying to be reinstated onto the Rooftop Mortgages conveyancing panel?
- Can we act for Rooftop Mortgages while the application for reinstatement on the Rooftop Mortgages panel is being progressed? How do I know if our reinstatement application to the Rooftop Mortgages panel is approved?
- Is there a charge to be reinstated onto the Rooftop Mortgages conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Rooftop Mortgages panel ?
Top Tip: The best way to avoid the hassle of seeking Rooftop Mortgages panel reinstatement is to ensure that your firm is not removed off of the Rooftop 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 Rooftop Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Rooftop 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 Rooftop Mortgages conveyancing panel.