Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by JPMorgan
- 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.
- Your firm fails to meet the criteria to remain on the JPMorgan conveyancing panel
- 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.
- Failure to reapply to remain on the JPMorgan convincing panel
JPMorgan panel reinstatement : questions that we get asked
- Am I restricted as to the number of times my firm can submit applications to be reinstated on the JPMorgan conveyancing panel?
- Can this firm act for JPMorgan while the appeal for reinstatement on the JPMorgan panel is being assessed? How do I know if our reinstatement application to the JPMorgan panel is accepted?
- Does my practice need to apply annually to remain on the JPMorgan conveyancing panel?
- Who should complete the reinstatement application to the JPMorgan panel ?
- How long does the application process take when applying 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 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.