Removal from the Zephyr Mortgages and other lender panels: Why they do it and how to get reinstated
- Zephyr Mortgages 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 delays in registering security on behalf of Zephyr Mortgages Delays or failure to register the Zephyr Mortgages charge may result in referral to external lawyers of Zephyr Mortgages to complete outstanding requirements.
- Failure to act in accordance with the Zephyr Mortgages panel terms, the written instructions that Zephyr Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Zephyr Mortgages may subsequently adopt.
- Your law firm no longer meets the criteria to remain on the Zephyr Mortgages conveyancing panel
- Recurring delays in post completion requirements set by Zephyr Mortgages
Frequently asked questions concerning Zephyr Mortgages panel reinstatement
- Does my practice need to apply annually to remain on the Zephyr Mortgages conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Zephyr Mortgages is declined?
- Can we act for Zephyr Mortgages while the application for reinstatement on the Zephyr Mortgages panel is being assessed? How do I know if our reinstatement application to the Zephyr Mortgages panel is accepted?
- What will happen if our Zephyr Mortgages panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Zephyr Mortgages?
- How long does the application process take when applying to be reinstated onto the Zephyr Mortgages conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Zephyr Mortgages panel reinstatement is to ensure that your firm is not removed off of the Zephyr Mortgages 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 Zephyr Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Zephyr Mortgages 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 Zephyr Mortgages conveyancing panel.