Removal from the Magellan Homeloans and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Magellan Homeloans convincing panel
- Your practice fails to meet the criteria to remain on the Magellan Homeloans conveyancing panel
- Breaches of Magellan Homeloans conveyancing panel requirements
- Magellan Homeloans 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.
- Significant delays in registering a charge on behalf of Magellan Homeloans Delays or failure to register the Magellan Homeloans charge may result in referral to external lawyers of Magellan Homeloans to complete outstanding requirements.
How can we assist? Magellan Homeloans panel reinstatement questions
- Can we appeal if our application for reinstatement is turned down?
- Can this firm act for Magellan Homeloans while the application for reinstatement on the Magellan Homeloans panel is being reviewed? How do I find out if our reinstatement application to the Magellan Homeloans panel is accepted?
- Is there a cost to be reinstated onto the Magellan Homeloans conveyancing panel?
- What are our options if our reinstatement panel application with Magellan Homeloans is turned down?
- How long does the application process take when applying to revert back onto the Magellan Homeloans conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Magellan Homeloans panel reinstatement is to ensure that your firm is not removed off of the Magellan Homeloans 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 Magellan Homeloans conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Magellan Homeloans 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 Magellan Homeloans conveyancing panel.