Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by The Mortgage Lender
- Missing deadline to reapply to be on the The Mortgage Lender convincing panel
- Non-compliance with the The Mortgage Lender panel terms, the written instructions that The Mortgage Lender give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Lender may subsequently adopt.
- The Mortgage Lender 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.
- Your firm no longer meets the criteria to remain on the The Mortgage Lender conveyancing panel
Top questions concerning The Mortgage Lender panel reinstatement
- How often will this firm be required to re-apply to remain on the The Mortgage Lender conveyancing panel?
- What is the application process to revert back onto the The Mortgage Lender conveyancing panel?
- Is there a charge to be reinstated onto the The Mortgage Lender conveyancing panel?
- Are you able to explain why our application for reinstatement was turned down?
- Can this firm act for The Mortgage Lender while the appeal for reinstatement on the The Mortgage Lender panel is being assessed? How do I find out if our reinstatement application to the The Mortgage Lender panel is approved?
Top Tip: The best way to avoid the hassle of seeking The Mortgage Lender panel reinstatement is to ensure that your firm is not removed off of the The Mortgage Lender 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 Lender conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to The Mortgage Lender 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 Lender conveyancing panel.