Removal from the JPMorgan and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the JPMorgan convincing panel
- Your firm fails to meet the criteria to remain on the JPMorgan conveyancing panel
- Significant delays in post completion requirements on behalf of JPMorgan
- 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.
- Non-compliance 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 subscribe.
Frequently asked questions concerning JPMorgan panel reinstatement
- Does the COLP in my firm need to complete the reinstatement application to the JPMorgan panel ?
- What are our options if my firm’s reinstatement panel submission with JPMorgan is turned down?
- What are the consequences if our JPMorgan panel reinstatement application is rejected and our client has a mortgage offer with the JPMorgan?
- Is there a charge to revert back onto the JPMorgan conveyancing panel?
- Am I restricted as to the amount of times my practice can apply to be reinstated on 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.