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

  • Failure to act in accordance with the MPowered Mortgages panel terms, the written instructions that MPowered Mortgages provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which MPowered Mortgages may subsequently subscribe.
  • 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.
  • 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.
  • Breaches of MPowered Mortgages conveyancing panel requirements
  • Failure to reapply to be on the MPowered Mortgages convincing panel

Frequently asked questions concerning MPowered Mortgages panel reinstatement

  • Can we act for MPowered Mortgages while the application for reinstatement on the MPowered Mortgages panel is being processed? How do I find out if our reinstatement appeal to the MPowered Mortgages panel is approved?
  • How often will this firm be required to re-apply to be reinstated on the MPowered Mortgages conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the MPowered Mortgages panel ?
  • Is there a fee to revert back onto the MPowered Mortgages conveyancing panel?
  • What is the application protocol to revert back onto the MPowered Mortgages conveyancing panel?

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.

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