Removal from the The Mortgage Works and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring non-compliance with post completion requirements on behalf of The Mortgage Works
- Significant 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.
- Your law firm fails to meet the criteria to remain on the The Mortgage Works conveyancing panel
- Non-compliance with the The Mortgage Works panel terms, 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.
Common questions about The Mortgage Works conveyancing panel reinstatement
- What are the next steps open to me if our The Mortgage Works panel reinstatement application is declined and our client has a mortgage offer with the The Mortgage Works?
- Please can you set out the application procedures to revert back onto the The Mortgage Works conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was declined?
- Is the door firmly shut if my firm’s reinstatement panel submission with The Mortgage Works is declined?
- Does the COLP in my firm need to complete the reinstatement application to the The Mortgage Works 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 appointed 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.