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

  • Your practice fails to meet the criteria to remain on the Magellan Homeloans conveyancing panel
  • Persistent non-compliance with post completion requirements on behalf of Magellan Homeloans
  • 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.
  • Failure to reapply to be on the Magellan Homeloans convincing panel
  • 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.

Questions Magellan Homeloans panel reinstatement firms ask us

  • Is the door firmly shut if my firm’s reinstatement panel submission with Magellan Homeloans is rejected?
  • Is it possible to find out my firm’s application for reinstatement is refused?
  • Is it the practice manager who is required to sign the reinstatement application to the Magellan Homeloans panel ?
  • Please can you set out the application protocol to revert back onto the Magellan Homeloans conveyancing panel?
  • What are the consequences if our Magellan Homeloans panel reinstatement application is refused and the client of the firm has a mortgage application with the Magellan Homeloans?

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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