Removal from the Magellan Homeloans and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Persistent non-compliance with post completion requirements set by Magellan Homeloans
- 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.
- Your law firm fails to meet the criteria to remain on the Magellan Homeloans conveyancing panel
Common queries about Magellan Homeloans conveyancing panel reinstatement
- To what extent is my firm permanently excluded if our reinstatement panel submission with Magellan Homeloans is turned down?
- Is there a charge to revert back onto the Magellan Homeloans conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Magellan Homeloans conveyancing panel?
- Can we act for Magellan Homeloans while the appeal for reinstatement on the Magellan Homeloans panel is being progressed? How do I discover if our reinstatement appeal to the Magellan Homeloans panel is accepted?
- How often will this firm be required to re-apply to remain 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.