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

  • Breaches of The Mortgage Business conveyancing panel requirements
  • Your firm no longer meets the criteria to remain on the The Mortgage Business conveyancing panel
  • Persistent delays in post completion requirements set by 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.
  • 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.

Top questions concerning The Mortgage Business panel reinstatement

  • Is it possible to find out our application for reinstatement was declined?
  • Can this firm act for The Mortgage Business while the appeal for reinstatement on the The Mortgage Business panel is being progressed? How do I discover if our reinstatement appeal to the The Mortgage Business panel is accepted?
  • How often will this firm be required to re-apply to be reinstated on the The Mortgage Business conveyancing panel?
  • Is there a cost to be reinstated onto the The Mortgage Business conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the The Mortgage Business 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.

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