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

  • Non-compliance with the MPowered Mortgages panel requirements, the written instructions that MPowered Mortgages give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which MPowered Mortgages may subsequently subscribe.
  • MPowered Mortgages 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.
  • Persistent delays in registering security on behalf of MPowered Mortgages Delays or failure to register the MPowered Mortgages charge may result in referral to external lawyers of MPowered Mortgages to complete outstanding requirements.
  • Significant delays in post completion requirements set by MPowered Mortgages
  • Missing deadline to reapply to remain on the MPowered Mortgages convincing panel

MPowered Mortgages panel reinstatement : You have questions, we have answers

  • Does the COLP in my firm need to complete the reinstatement application to the MPowered Mortgages panel ?
  • Can we appeal if this practice’s application for reinstatement was turned down?
  • How often will this firm be required to re-apply to remain on the MPowered Mortgages conveyancing panel?
  • Am I restricted as to the number of occasions my firm can submit applications to get back on the MPowered Mortgages conveyancing panel?
  • What are our options if my firm’s reinstatement panel application with MPowered Mortgages is rejected?

Top Tip: The best way to avoid the hassle of seeking MPowered Mortgages panel reinstatement is to ensure that your firm is not removed off of the MPowered Mortgages 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 MPowered Mortgages conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to MPowered Mortgages 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 MPowered Mortgages conveyancing panel.

Related Pages