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 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Significant delays in post completion requirements set by MPowered Mortgages
  • Your firm no longer meets the criteria to remain on the MPowered Mortgages conveyancing panel
  • Significant 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.

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

  • Is there a limit to the amount of times my firm can apply to get back on the MPowered Mortgages conveyancing panel?
  • Are you able to explain why this practice’s application for reinstatement is turned down?
  • What is the application process to revert back onto the MPowered Mortgages conveyancing panel?
  • Does the COLP in my firm need to complete the reinstatement application to the MPowered Mortgages panel ?
  • Can this firm act for MPowered Mortgages while the application for reinstatement on the MPowered Mortgages panel is being processed? How do I know if our reinstatement application to the MPowered Mortgages panel is approved?

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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