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

  • Recurring 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.
  • Missing deadline to reapply to remain on the MPowered Mortgages convincing panel
  • 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 adopt.
  • Your law firm fails to meet the criteria to remain on the MPowered Mortgages conveyancing panel
  • 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.

MPowered Mortgages panel reinstatement : questions that we get asked

  • What will happen if our MPowered Mortgages panel reinstatement application is declined and our client has a mortgage offer with the MPowered Mortgages?
  • Please can you set out the application process to revert back onto the MPowered Mortgages conveyancing panel?
  • Am I restricted as to the number of times my practice can apply to be reinstated on the MPowered Mortgages conveyancing panel?
  • What are our options if our reinstatement panel submission with MPowered Mortgages is rejected?
  • Is it the practice manager who is required to complete the reinstatement application to the MPowered Mortgages 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.

Related Pages