Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the MPowered Mortgages convincing panel
- 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.
- Significant delays in registering a charge 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.
- Breaches of MPowered Mortgages conveyancing panel requirements
- Your practice fails to meet the criteria to remain on the MPowered Mortgages conveyancing panel
Common questions about MPowered Mortgages conveyancing panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel submission with MPowered Mortgages is declined?
- How often will this firm be required to re-apply to remain on the MPowered Mortgages conveyancing panel?
- Is there a fee to be reinstated onto the MPowered Mortgages conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the MPowered Mortgages panel ?
- What are the next steps open to me if our MPowered Mortgages panel reinstatement application is rejected and our client has a mortgage application with the MPowered Mortgages?
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.