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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Breaches of JPMorgan conveyancing panel requirements
  • Your firm fails to meet the criteria to remain on the JPMorgan conveyancing panel
  • 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.
  • Significant 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.

Top questions concerning JPMorgan panel reinstatement

  • Does my practice need to apply annually to remain on the JPMorgan conveyancing panel?
  • What times frames are involved when applying to revert back onto the JPMorgan conveyancing panel?
  • What are the next steps open to me if our JPMorgan panel reinstatement application is turned down and the client of the firm has a mortgage offer with the JPMorgan?
  • Am I restricted as to the number of times my law firm can submit applications to be reinstated on the JPMorgan conveyancing panel?
  • Is it the practice manager who is required to complete the reinstatement application to the JPMorgan 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.

Related Pages