Removal from the The Mortgage Business and other lender panels: Why they do it and how to get reinstated
- The Mortgage Business 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.
- Failure to act in accordance with the The Mortgage Business panel terms, the written instructions that The Mortgage Business give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Business may subsequently subscribe.
- Missing deadline to reapply to be on the The Mortgage Business convincing panel
- Persistent non-compliance with post completion requirements set by The Mortgage Business
- Your practice fails to meet the criteria to remain on the The Mortgage Business conveyancing panel
The Mortgage Business Conveyancing Panel Reinstatement: Common Questions
- Please can you set out the application procedures to be reinstated onto the The Mortgage Business conveyancing panel?
- Is there a cost to revert back onto the The Mortgage Business conveyancing panel?
- What are the next steps open to me if our The Mortgage Business panel reinstatement application is turned down and our client has a mortgage offer with the The Mortgage Business?
- Does the COLP in my firm need to complete the reinstatement application to the The Mortgage Business panel ?
- How often will this firm be required to re-apply to remain on the The Mortgage Business conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking The Mortgage Business panel reinstatement is to ensure that your firm is not removed off of the The Mortgage Business 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 The Mortgage Business conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to The Mortgage Business 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 The Mortgage Business conveyancing panel.