Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- Persistent 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 subscribe.
- Breaches of MPowered Mortgages conveyancing panel requirements
- Recurring 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.
- Missing deadline to reapply to remain on the MPowered Mortgages convincing panel
How can we assist? MPowered Mortgages panel reinstatement questions
- Do any avenues remain open if my firm’s reinstatement panel application with MPowered Mortgages is declined?
- How long does the application process take when applying to revert back onto the MPowered Mortgages conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to be reinstated on 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 consequences if our MPowered Mortgages panel reinstatement application is declined and the client of the firm 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.