Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- 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.
- Non-compliance 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.
- Breaches of MPowered Mortgages conveyancing panel Terms and Conditions
- Persistent delays in post completion requirements on behalf of MPowered Mortgages
- Your practice fails to meet the criteria to remain on the MPowered Mortgages conveyancing panel
MPowered Mortgages panel reinstatement : questions that we get asked
- Is it the practice manager who is required to sign the reinstatement application to the MPowered Mortgages panel ?
- Can we act for MPowered Mortgages while the appeal 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?
- Am I restricted as to the amount of times my law firm can submit applications to get back on the MPowered Mortgages conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with MPowered Mortgages is turned down?
- How long does the application process take when applying to be reinstated 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.