Removal from the The Mortgage Works and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of The Mortgage Works Delays or failure to register the The Mortgage Works charge may result in referral to external lawyers of The Mortgage Works to complete outstanding requirements.
- Missing deadline to reapply to remain on the The Mortgage Works convincing panel
- Breaches of The Mortgage Works conveyancing panel Terms and Conditions
- The Mortgage Works 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.
- Failure to act in accordance with the The Mortgage Works panel requirements, the written instructions that The Mortgage Works give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Works may subsequently subscribe.
The Mortgage Works panel reinstatement : You have questions, we have answers
- Can this firm act for The Mortgage Works while the application for reinstatement on the The Mortgage Works panel is being assessed? How do I know if our reinstatement application to the The Mortgage Works panel is approved?
- Does my practice need to apply annually to remain on the The Mortgage Works conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is declined?
- What are the consequences if our The Mortgage Works panel reinstatement application is declined and the client of the firm has a mortgage application with the The Mortgage Works?
- What is the application protocol to revert back onto the The Mortgage Works conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking The Mortgage Works panel reinstatement is to ensure that your firm is not removed off of the The Mortgage Works 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 Works conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to The Mortgage Works 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 Works conveyancing panel.