Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- St James Place 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.
- Missing deadline to reapply to remain on the St James Place convincing panel
- Your firm no longer meets the criteria to remain on the St James Place conveyancing panel
- 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.
- Persistent non-compliance with post completion requirements set by St James Place
Questions St James Place panel reinstatement firms ask us
- Does the COLP in my firm need to sign the reinstatement application to the St James Place panel ?
- How often will this firm be required to re-apply to be reinstated on the St James Place conveyancing panel?
- Can this firm act for St James Place while the application for reinstatement on the St James Place panel is being progressed? How do I know if our reinstatement application to the St James Place panel is accepted?
- What will happen if our St James Place panel reinstatement application is turned down and our client has a mortgage offer with the St James Place?
- What are our options if our reinstatement panel submission with St James Place is declined?
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.