Removal from the Rooftop Mortgages and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Rooftop Mortgages conveyancing panel
- Rooftop 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.
- Significant delays in post completion requirements set by Rooftop Mortgages
- Failure to reapply to be on the Rooftop Mortgages convincing panel
- Non-compliance with the Rooftop Mortgages panel terms, the written instructions that Rooftop Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Rooftop Mortgages may subsequently adopt.
Rooftop Mortgages panel reinstatement: Five Common Questions
- Is there a fee to revert back onto the Rooftop Mortgages conveyancing panel?
- Is there a limit to the amount of times my firm can submit applications to be reinstated on the Rooftop Mortgages conveyancing panel?
- What is the application protocol to revert back onto the Rooftop Mortgages conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Rooftop Mortgages is turned down?
- What happens if our Rooftop Mortgages panel reinstatement application is declined and the client of the firm has a mortgage application with the Rooftop Mortgages?
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.