Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the St James Place convincing panel
- Non-compliance 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 adopt.
- 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.
- Your firm fails to meet the criteria to remain on the St James Place conveyancing panel
- Breaches of St James Place conveyancing panel Terms and Conditions
Answers to Frequently asked questions concerning St James Place panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the St James Place conveyancing panel?
- What will happen if our St James Place panel reinstatement application is declined and the client of the firm has a mortgage offer with the St James Place?
- Am I restricted as to the number of times my practice can apply to get back on the St James Place conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with St James Place is declined?
- Can this firm act for St James Place while the appeal for reinstatement on the St James Place panel is being assessed? How do I discover if our reinstatement application to the St James Place panel is accepted?
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.