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

  • Recurring non-compliance with post completion requirements set by Magellan Homeloans
  • Significant 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.
  • Failure to reapply to be on the Magellan Homeloans convincing panel
  • Magellan Homeloans may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Your firm fails to meet the criteria to remain on the Magellan Homeloans conveyancing panel

FAQs : Magellan Homeloans Conveyancing panel reinstatement

  • To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Magellan Homeloans is refused?
  • What happens if our Magellan Homeloans panel reinstatement application is rejected and the client of the firm has a mortgage application with the Magellan Homeloans?
  • Can you outline the application protocol to be reinstated onto the Magellan Homeloans conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the Magellan Homeloans panel ?
  • Can we act for Magellan Homeloans while the appeal for reinstatement on the Magellan Homeloans panel is being reviewed? How do I discover if our reinstatement application to the Magellan Homeloans panel is accepted?

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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