Removal from the The Mortgage Business and other lender panels: Why they do it and how to get reinstated

  • Recurring delays in post completion requirements on behalf of The Mortgage Business
  • 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.
  • Your practice fails to meet the criteria to remain on the The Mortgage Business conveyancing panel
  • Failure to reapply to be on the The Mortgage Business convincing panel
  • Failure to act in accordance with the The Mortgage Business panel requirements, the written instructions that The Mortgage Business provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Business may subsequently adopt.

The Mortgage Business panel reinstatement: Five Common Questions

  • Can we appeal if our application for reinstatement is rejected?
  • Is there a limit to the number of occasions my practice can apply to be reinstated on the The Mortgage Business conveyancing panel?
  • Is there a charge to be reinstated onto the The Mortgage Business conveyancing panel?
  • Can we act for The Mortgage Business while the application for reinstatement on the The Mortgage Business panel is being assessed? How do I know if our reinstatement application to the The Mortgage Business panel is accepted?
  • What are the consequences if our The Mortgage Business panel reinstatement application is declined and the client of the firm has a mortgage offer with the The Mortgage Business?

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 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 The Mortgage Business conveyancing panel.

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