Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the JPMorgan panel terms, the written instructions that JPMorgan provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which JPMorgan may subsequently adopt.
- Failure to reapply to be on the JPMorgan convincing panel
- 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.
- Breaches of JPMorgan conveyancing panel requirements
- Significant 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.
JPMorgan panel reinstatement : questions that we get asked
- Can we act for JPMorgan while the application for reinstatement on the JPMorgan panel is being reviewed? How do I find out if our reinstatement appeal to the JPMorgan panel is approved?
- Is there a fee to be reinstated onto the JPMorgan conveyancing panel?
- Is the door firmly shut if our reinstatement panel application with JPMorgan is refused?
- What times frames are involved when applying to revert back onto the JPMorgan conveyancing panel?
- How often will this firm be required to re-apply to remain on 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.