Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the MPowered Mortgages conveyancing panel
- Failure to act in accordance 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 adopt.
- Failure to reapply to remain on the MPowered Mortgages convincing panel
- Recurring non-compliance with post completion requirements set by MPowered Mortgages
- 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.
Questions MPowered Mortgages panel reinstatement firms ask us
- What are the next steps open to me if our MPowered Mortgages panel reinstatement application is turned down and our client has a mortgage offer with the MPowered Mortgages?
- Can this firm act for MPowered Mortgages while the application for reinstatement on the MPowered Mortgages panel is being assessed? How do I discover if our reinstatement application to the MPowered Mortgages panel is approved?
- How long does the application process take when applying to revert back onto the MPowered Mortgages conveyancing panel?
- Is there a charge to revert back onto the MPowered Mortgages conveyancing panel?
- Is it possible to find out our application for reinstatement was declined?
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.