Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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 subscribe.
- Breaches of St James Place conveyancing panel Terms and Conditions
- Your law firm fails to meet the criteria to remain on the St James Place conveyancing panel
- 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.
- Missing deadline to reapply to be on the St James Place convincing panel
Common queries about St James Place conveyancing panel reinstatement
- What are the consequences if our St James Place panel reinstatement application is turned down and our client has a mortgage application with the St James Place?
- Can we appeal if this practice’s application for reinstatement is refused?
- Is there a cost to be reinstated onto the St James Place conveyancing panel?
- Does my practice need to apply annually to be reinstated on the St James Place conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with St James Place is rejected?
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.