Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of JPMorgan
- Failure to reapply to remain on the JPMorgan convincing panel
- 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.
- Breaches of JPMorgan conveyancing panel requirements
- 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 adopt.
JPMorgan panel reinstatement : questions that we get asked
- Please can you set out the application process to be reinstated onto the JPMorgan conveyancing panel?
- Is there a fee to be reinstated onto the JPMorgan conveyancing panel?
- Am I restricted as to the number of times my practice can apply to be reinstated on the JPMorgan conveyancing panel?
- Do any avenues remain open if our reinstatement panel application with JPMorgan is refused?
- Are you able to explain why our application for reinstatement is refused?
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.