Removal from the The Mortgage Business and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the The Mortgage Business conveyancing panel
- Breaches of The Mortgage Business conveyancing panel Terms and Conditions
- Recurring delays in registering a charge on behalf of The Mortgage Business Delays or failure to register the The Mortgage Business charge may result in referral to external lawyers of The Mortgage Business to complete outstanding requirements.
- 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.
- Non-compliance with the The Mortgage Business panel terms, 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 subscribe.
Answers to Frequently asked questions concerning The Mortgage Business panel reinstatement
- Can this firm act for The Mortgage Business while the application for reinstatement on the The Mortgage Business panel is being assessed? How do I discover if our reinstatement application to the The Mortgage Business panel is accepted?
- Am I restricted as to the amount of occasions my law firm can submit applications to be reinstated on the The Mortgage Business conveyancing panel?
- Is there a fee to be reinstated 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 the client of the firm has a mortgage offer with the The Mortgage Business?
- Can you outline the application process to revert back onto 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.