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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Persistent 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.
  • Significant non-compliance with post completion requirements set by MPowered Mortgages
  • Breaches of MPowered Mortgages conveyancing panel Terms and Conditions
  • Your firm 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 fee to revert back onto the MPowered Mortgages conveyancing panel?
  • Am I restricted as to the number of occasions my law firm can apply to get back on the MPowered Mortgages conveyancing panel?
  • Can we act for MPowered Mortgages while the application for reinstatement on the MPowered Mortgages panel is being progressed? How do I know if our reinstatement appeal to the MPowered Mortgages panel is accepted?
  • What are the consequences if our MPowered Mortgages panel reinstatement application is turned down and the client of the firm has a mortgage application with the MPowered Mortgages?
  • How often will this firm be required to re-apply to be reinstated on 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.

Related Pages