Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the St James Place convincing panel
- 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.
- Failure to act in accordance with the St James Place panel requirements, 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.
- Significant non-compliance with post completion requirements on behalf of St James Place
- Breaches of St James Place conveyancing panel Terms and Conditions
St James Place panel reinstatement : You have questions, we have answers
- Does the COLP in my firm need to complete the reinstatement application to the St James Place panel ?
- Please can you set out the application procedures to be reinstated onto the St James Place conveyancing panel?
- Is there a limit to the number of occasions my law firm can submit applications to get back on the St James Place conveyancing panel?
- How often will this firm be required to re-apply to remain on the St James Place conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with St James Place is turned down?
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.