Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure to reapply to be on the MPowered Mortgages convincing panel
- Recurring non-compliance with post completion requirements set by MPowered Mortgages
- Failure to act in accordance with the MPowered Mortgages panel requirements, 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 adopt.
- Your practice no longer meets the criteria to remain on the MPowered Mortgages conveyancing panel
MPowered Mortgages panel reinstatement : You have questions, we have answers
- Is there a limit to the amount of occasions my firm can apply to get back on the MPowered Mortgages conveyancing panel?
- How long does the application process take when applying to revert back onto the MPowered Mortgages conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is rejected?
- How often will this firm be required to re-apply to be reinstated on the MPowered Mortgages conveyancing panel?
- Is there a cost 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 preferred 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.