Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Breaches of The Mortgage Lender conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements on behalf of The Mortgage Lender
- The Mortgage Lender may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Missing deadline to reapply to be on the The Mortgage Lender convincing panel
- Your law firm fails to meet the criteria to remain on the The Mortgage Lender conveyancing panel
The Mortgage Lender panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to be reinstated on the The Mortgage Lender conveyancing panel?
- Who should complete the reinstatement application to the The Mortgage Lender panel ?
- How long does the application process take when applying to be reinstated onto the The Mortgage Lender conveyancing panel?
- Is there a charge to revert back onto the The Mortgage Lender conveyancing panel?
- What will happen if our The Mortgage Lender panel reinstatement application is refused and our client 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.