Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure to act in accordance with the The Mortgage Lender panel terms, 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 subscribe.
- 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.
- Your firm no longer meets the criteria to remain on the The Mortgage Lender conveyancing panel
- Breaches of The Mortgage Lender conveyancing panel Terms and Conditions
The Mortgage Lender panel reinstatement : questions that we get asked
- Is there a limit to the number of times my practice can submit applications to be reinstated on the The Mortgage Lender conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the The Mortgage Lender panel ?
- Can you outline the application process to revert back onto the The Mortgage Lender conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is declined?
- What are the consequences if our The Mortgage Lender panel reinstatement application is refused and the client of the firm has a mortgage application 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 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.