Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by The Mortgage Lender
- Missing deadline to reapply to remain on the The Mortgage Lender convincing panel
- Non-compliance 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.
- Significant delays in registering a charge 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 practice fails to meet the criteria to remain on the The Mortgage Lender conveyancing panel
The Mortgage Lender panel reinstatement : You have questions, we have answers
- Does my practice need to apply annually to remain on the The Mortgage Lender conveyancing panel?
- What happens if our The Mortgage Lender panel reinstatement application is turned down and the client of the firm has a mortgage application with the The Mortgage Lender?
- Can you outline the application procedures to be reinstated onto the The Mortgage Lender conveyancing panel?
- How do I discover why our application for reinstatement was declined?
- Do any avenues remain open if my firm’s reinstatement panel application with The Mortgage Lender is turned down?
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.