Removal from the The Mortgage Lender and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Breaches of The Mortgage Lender conveyancing panel requirements
- 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.
- Your practice no longer meets the criteria to remain on the The Mortgage Lender conveyancing panel
- Recurring 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.
Questions The Mortgage Lender panel reinstatement firms ask us
- Are you able to explain why my firm’s application for reinstatement is declined?
- Do any avenues remain open if our reinstatement panel application with The Mortgage Lender is turned down?
- Does my practice need to apply annually to be reinstated on the The Mortgage Lender conveyancing panel?
- Is there a charge to revert back onto the The Mortgage Lender conveyancing panel?
- What happens if our The Mortgage Lender panel reinstatement application is turned down 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.