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.
- 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.
- Breaches of The Mortgage Lender conveyancing panel Terms and Conditions
- Failure to reapply to remain on the The Mortgage Lender convincing panel
Top questions concerning The Mortgage Lender panel reinstatement
- Is the door firmly shut if our reinstatement panel submission with The Mortgage Lender is turned down?
- Am I restricted as to the number of times my practice can apply to get back on the The Mortgage Lender conveyancing panel?
- Please can you set out the application procedures to revert back onto the The Mortgage Lender conveyancing panel?
- Who should complete the reinstatement application to the The Mortgage Lender panel ?
- Are you able to explain why this practice’s application for reinstatement was 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.