Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the St James Place panel terms, the written instructions that St James Place provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which St James Place may subsequently adopt.
- St James Place 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.
- Breaches of St James Place conveyancing panel requirements
- Recurring delays in post completion requirements on behalf of St James Place
- Significant delays in registering security on behalf of St James Place Delays or failure to register the St James Place charge may result in referral to external lawyers of St James Place to complete outstanding requirements.
Top questions concerning St James Place panel reinstatement
- What happens if our St James Place panel reinstatement application is rejected and the client of the firm has a mortgage offer with the St James Place?
- Are you able to explain why this practice’s application for reinstatement was refused?
- Am I restricted as to the number of occasions my firm can apply to get back on the St James Place conveyancing panel?
- How long does the application process take when applying to revert back onto the St James Place conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the St James Place panel ?
Top Tip: The best way to avoid the hassle of seeking St James Place panel reinstatement is to ensure that your firm is not removed off of the St James Place 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 St James Place conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to St James Place 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 St James Place conveyancing panel.