Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of St James Place
- Missing deadline to reapply to be on the St James Place convincing panel
- Failure to act in accordance 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 subscribe.
- Breaches of St James Place conveyancing panel requirements
- Recurring 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
- Does my practice need to apply annually to be reinstated on the St James Place conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement was refused?
- What are our options if our reinstatement panel submission with St James Place is refused?
- What are the next steps open to me if our St James Place panel reinstatement application is refused and our client has a mortgage application with the St James Place?
- How long does the application process take when applying to revert back onto the St James Place conveyancing 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.