Can you assist? - How does my firm get reinstated on the Magellan Homeloans panel?

Example reasons firms are removed from the Magellan Homeloans conveyancing panel

  1. Persistent delays in post completion requirements set by Magellan Homeloans
  2. Non-compliance with the Magellan Homeloans panel terms, the written instructions that Magellan Homeloans give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Magellan Homeloans may subsequently subscribe.
  3. Your law firm no longer meets the criteria to remain on the Magellan Homeloans conveyancing panel
  4. Missing deadline to reapply to be on the Magellan Homeloans convincing panel
  5. 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.

Magellan Homeloans panel reinstatement: Five Common Questions

  1. To what extent is my firm permanently excluded if our reinstatement panel application with Magellan Homeloans is refused?
  2. Does the COLP in my firm need to sign the reinstatement application to the Magellan Homeloans panel ?
  3. Does my practice need to apply annually to be reinstated on the Magellan Homeloans conveyancing panel?
  4. How long does the application process take when applying to be reinstated onto the Magellan Homeloans conveyancing panel?
  5. Is it possible to find out our application for reinstatement is 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.