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
- Persistent 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.
- Missing deadline to reapply to remain on the JPMorgan convincing panel
- 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.
- 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.
How can we assist? JPMorgan panel reinstatement questions
- What are the consequences if our JPMorgan panel reinstatement application is declined and the client of the firm has a mortgage application with the JPMorgan?
- Am I restricted as to the amount of times my practice can submit applications to get back on the JPMorgan conveyancing panel?
- Can we act for JPMorgan while the appeal for reinstatement on the JPMorgan panel is being progressed? How do I discover if our reinstatement application to the JPMorgan panel is accepted?
- Does my practice need to apply annually to be reinstated on the JPMorgan conveyancing panel?
- What is the application protocol to revert back onto 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 preferred 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.