Removal from the Magellan Homeloans and other lender panels: Why they do it and how to get reinstated
- Breaches of Magellan Homeloans conveyancing panel requirements
- Persistent non-compliance with post completion requirements on behalf of Magellan Homeloans
- Failure to act in accordance with the Magellan Homeloans panel requirements, the written instructions that Magellan Homeloans provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Magellan Homeloans may subsequently adopt.
- Your practice fails to meet the criteria to remain on the Magellan Homeloans conveyancing panel
- Failure to reapply to remain on the Magellan Homeloans convincing panel
FAQs : Magellan Homeloans Conveyancing panel reinstatement
- Is there a cost to revert back onto the Magellan Homeloans conveyancing panel?
- Can we act for Magellan Homeloans while the application for reinstatement on the Magellan Homeloans panel is being reviewed? How do I know if our reinstatement application to the Magellan Homeloans panel is accepted?
- How do I discover why our application for reinstatement was rejected?
- What times frames are involved when applying to revert back onto the Magellan Homeloans conveyancing panel?
- Does my practice need to apply annually 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.