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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which St James Place may subsequently adopt.
- Failure to reapply to remain on the St James Place convincing panel
- Your law firm fails to meet the criteria to remain on the St James Place conveyancing panel
- Significant delays in registering a charge 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.
- 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.
St James Place panel reinstatement : questions that we get asked
- Can we appeal if this practice’s application for reinstatement is turned down?
- What are our options if our reinstatement panel submission with St James Place is rejected?
- Am I restricted as to the number of occasions my law firm can submit applications to get back on the St James Place conveyancing panel?
- Is there a cost to be reinstated onto the St James Place conveyancing panel?
- Can we act for St James Place while the appeal for reinstatement on the St James Place panel is being reviewed? How do I discover if our reinstatement application to the St James Place panel is approved?
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 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 St James Place conveyancing panel.