Removal from the MPowered Mortgages and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the MPowered Mortgages panel requirements, 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 subscribe.
- Your practice no longer meets the criteria to remain on the MPowered Mortgages conveyancing panel
- 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.
- Persistent non-compliance with post completion requirements set by MPowered Mortgages
- MPowered Mortgages may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
FAQs : MPowered Mortgages Conveyancing panel reinstatement
- What are our options if my firm’s reinstatement panel submission with MPowered Mortgages is rejected?
- Does my practice need to apply annually to remain on the MPowered Mortgages conveyancing panel?
- Can we appeal if our application for reinstatement is declined?
- Is there a fee to be reinstated onto the MPowered Mortgages conveyancing panel?
- Can this firm act for MPowered Mortgages while the application for reinstatement on the MPowered Mortgages panel is being assessed? How do I know if our reinstatement appeal to the MPowered Mortgages panel is accepted?
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.