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 give you 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your firm fails to meet the criteria to remain on the JPMorgan conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of JPMorgan
- Persistent 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.
Common questions about JPMorgan conveyancing panel reinstatement
- How long does the application process take when applying to be reinstated onto the JPMorgan conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to be reinstated on the JPMorgan conveyancing panel?
- How do I discover why this practice’s application for reinstatement was declined?
- Do any avenues remain open if our reinstatement panel submission with JPMorgan is refused?
- Can you outline the application process to be reinstated 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.