Removal from the Magellan Homeloans and other lender panels: Why they do it and how to get reinstated

  • 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.
  • Recurring delays in post completion requirements on behalf of Magellan Homeloans
  • Persistent delays in registering security 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.
  • Your law firm no longer meets the criteria to remain on the Magellan Homeloans conveyancing panel
  • Failure to reapply to remain on the Magellan Homeloans convincing panel

Magellan Homeloans panel reinstatement: Five Common Questions

  • Can this firm act for Magellan Homeloans while the application for reinstatement on the Magellan Homeloans panel is being reviewed? How do I discover if our reinstatement appeal to the Magellan Homeloans panel is accepted?
  • Can you outline the application procedures to revert back onto the Magellan Homeloans conveyancing panel?
  • What are the next steps open to me if our Magellan Homeloans panel reinstatement application is refused and our client has a mortgage offer with the Magellan Homeloans?
  • Is there a limit to the number of times my law firm can apply to get back on the Magellan Homeloans conveyancing panel?
  • Can we appeal if my firm’s application for reinstatement was refused?

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.

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