Removal from the The Mortgage Works and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering a charge 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.
- Significant non-compliance with post completion requirements set by The Mortgage Works
- Your practice fails to meet the criteria to remain on the The Mortgage Works conveyancing panel
- Failure to reapply to remain on the The Mortgage Works convincing panel
- Non-compliance with the The Mortgage Works panel requirements, the written instructions that The Mortgage Works provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which The Mortgage Works may subsequently subscribe.
Answers to Frequently asked questions concerning The Mortgage Works panel reinstatement
- Does my practice need to apply annually to remain on the The Mortgage Works conveyancing panel?
- Is there a cost to revert back onto the The Mortgage Works conveyancing panel?
- Please can you set out the application procedures to be reinstated onto the The Mortgage Works conveyancing panel?
- Can we act for The Mortgage Works while the application for reinstatement on the The Mortgage Works panel is being progressed? How do I discover if our reinstatement application to the The Mortgage Works panel is approved?
- Are you able to explain why my firm’s application for reinstatement was rejected?
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.