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 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 subscribe.
- Failure to reapply to remain on the The Mortgage Lender convincing panel
- Breaches of The Mortgage Lender conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements set by The Mortgage Lender
- 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.
The Mortgage Lender panel reinstatement : questions that we get asked
- Can you outline the application process to revert back onto the The Mortgage Lender conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with The Mortgage Lender is turned down?
- What times frames are involved when applying to revert back onto the The Mortgage Lender conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is refused?
- What are the consequences if our The Mortgage Lender panel reinstatement application is rejected 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 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.