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.
- Breaches of The Mortgage Lender conveyancing panel requirements
- Missing deadline to reapply to be on the The Mortgage Lender convincing panel
- Persistent delays in post completion requirements set by The Mortgage Lender
- 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 panel reinstatement : questions that we get asked
- To what extent is my firm permanently excluded if our reinstatement panel submission with The Mortgage Lender is turned down?
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated on the The Mortgage Lender conveyancing panel?
- What are the consequences if our The Mortgage Lender panel reinstatement application is rejected and our client has a mortgage application with the The Mortgage Lender?
- Is there a charge to be reinstated onto the The Mortgage Lender conveyancing panel?
- What is the application protocol to revert back onto the The Mortgage Lender conveyancing 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 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.