Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- 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.
- Non-compliance 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 subscribe.
- Persistent delays in post completion requirements on behalf of The Mortgage Lender
- Your law firm fails to meet the criteria to remain on the The Mortgage Lender conveyancing panel
Answers to Frequently asked questions concerning The Mortgage Lender panel reinstatement
- Can we act for The Mortgage Lender while the application for reinstatement on the The Mortgage Lender panel is being progressed? How do I know if our reinstatement application to the The Mortgage Lender panel is accepted?
- How often will this firm be required to re-apply to remain on the The Mortgage Lender conveyancing panel?
- How do I discover why this practice’s application for reinstatement was declined?
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the The Mortgage Lender conveyancing panel?
- What will happen 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 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.