Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated

  • Your firm no longer meets the criteria to remain on the JPMorgan conveyancing panel
  • Failure to act in accordance with the JPMorgan panel terms, 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 subscribe.
  • Breaches of JPMorgan conveyancing panel requirements
  • Recurring delays in registering a charge 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.
  • Persistent delays in post completion requirements on behalf of JPMorgan

Answers to Frequently asked questions concerning JPMorgan panel reinstatement

  • Can this firm act for JPMorgan while the appeal for reinstatement on the JPMorgan panel is being processed? How do I find out if our reinstatement appeal to the JPMorgan panel is accepted?
  • Does the COLP in my firm need to sign the reinstatement application to the JPMorgan panel ?
  • Do any avenues remain open if my firm’s reinstatement panel submission with JPMorgan is turned down?
  • What times frames are involved when applying to revert back onto the JPMorgan conveyancing panel?
  • What will happen if our JPMorgan panel reinstatement application is refused and the client of the firm has a mortgage application with the JPMorgan?

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.

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