Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the JPMorgan panel requirements, the written instructions that JPMorgan provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which JPMorgan may subsequently subscribe.
- Missing deadline to reapply to be on the JPMorgan convincing panel
- 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 practice no longer meets the criteria to remain on the JPMorgan conveyancing 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.
Questions JPMorgan panel reinstatement firms ask us
- What are our options if our reinstatement panel submission with JPMorgan is declined?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the JPMorgan conveyancing panel?
- Is there a charge to revert back onto the JPMorgan conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement was declined?
- What are the next steps open to me if our JPMorgan panel reinstatement application is rejected and our client has a mortgage offer 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.