Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the The Mortgage Lender panel requirements, 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 subscribe.
- Missing deadline to reapply to remain on the The Mortgage Lender convincing panel
- Your law firm fails to meet the criteria to remain on the The Mortgage Lender conveyancing panel
- 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.
- Recurring delays in registering security on behalf of The Mortgage Lender Delays or failure to register the The Mortgage Lender charge may result in referral to external lawyers of The Mortgage Lender to complete outstanding requirements.
Top questions concerning The Mortgage Lender panel reinstatement
- Is there a fee to revert back onto the The Mortgage Lender conveyancing panel?
- How do I discover why my firm’s application for reinstatement was refused?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with The Mortgage Lender is turned down?
- How long does the application process take when applying to be reinstated onto the The Mortgage Lender conveyancing panel?
- What happens if our The Mortgage Lender panel reinstatement application is refused and the client of the firm has a mortgage offer with the The Mortgage Lender?
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 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 Lender conveyancing panel.