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 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.
- Failure to reapply to remain on the The Mortgage Lender convincing panel
- Significant 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 law firm no longer meets the criteria to remain on the The Mortgage Lender conveyancing panel
How can we assist? The Mortgage Lender panel reinstatement questions
- Can we act for The Mortgage Lender while the application for reinstatement on the The Mortgage Lender panel is being assessed? How do I discover if our reinstatement appeal to the The Mortgage Lender panel is approved?
- Am I restricted as to the amount of times my practice can apply to be reinstated on the The Mortgage Lender conveyancing panel?
- What are the consequences if our The Mortgage Lender panel reinstatement application is declined 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?
- Are you able to explain why our application for reinstatement is rejected?
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.