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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Lender may subsequently adopt.
- Significant non-compliance with post completion requirements set by The Mortgage Lender
- Your practice no longer meets the criteria to remain on the The Mortgage Lender conveyancing panel
- The Mortgage Lender 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.
- Missing deadline to reapply to remain on the The Mortgage Lender convincing panel
Top questions concerning The Mortgage Lender panel reinstatement
- What are the consequences if our The Mortgage Lender panel reinstatement application is turned down and our client has a mortgage offer with the The Mortgage Lender?
- How long does the application process take when applying to revert back onto the The Mortgage Lender conveyancing panel?
- Is there a limit to the amount of occasions my law firm can apply to get back on the The Mortgage Lender conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with The Mortgage Lender is refused?
- Who should sign the reinstatement application to the The Mortgage Lender panel ?
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.