Removal from the Magellan Homeloans and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Magellan Homeloans convincing panel
- Breaches of Magellan Homeloans conveyancing panel Terms and Conditions
- Your firm no longer meets the criteria to remain on the Magellan Homeloans conveyancing panel
- Non-compliance with the Magellan Homeloans panel requirements, the written instructions that Magellan Homeloans give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Magellan Homeloans may subsequently adopt.
- 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.
Magellan Homeloans Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to be reinstated onto the Magellan Homeloans conveyancing panel?
- How do I discover why our application for reinstatement is refused?
- What will happen if our Magellan Homeloans panel reinstatement application is declined and our client has a mortgage offer with the Magellan Homeloans?
- Can you outline the application process to revert back onto the Magellan Homeloans conveyancing panel?
- Am I restricted as to the number of times my law firm can submit applications to be reinstated on 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.