Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- JPMorgan may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Recurring delays in registering security on behalf of JPMorgan Delays or failure to register the JPMorgan charge may result in referral to external lawyers of JPMorgan to complete outstanding requirements.
- Your firm no longer meets the criteria to remain on the JPMorgan conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of JPMorgan
- Failure to act in accordance with the JPMorgan panel requirements, the written instructions that JPMorgan give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which JPMorgan may subsequently adopt.
How can we assist? JPMorgan panel reinstatement questions
- Can we act for JPMorgan while the appeal for reinstatement on the JPMorgan panel is being progressed? How do I know if our reinstatement appeal to the JPMorgan panel is approved?
- Is there a limit to the amount of occasions my law firm can apply to get back on the JPMorgan conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the JPMorgan conveyancing panel?
- What will happen if our JPMorgan panel reinstatement application is refused and our client has a mortgage application with the JPMorgan?
- What times frames are involved when applying to revert back onto the JPMorgan conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking JPMorgan panel reinstatement is to ensure that your firm is not removed off of the JPMorgan 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 JPMorgan conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to JPMorgan 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 JPMorgan conveyancing panel.