Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the St James Place conveyancing 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.
- Breaches of St James Place conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements on behalf of St James Place
- Non-compliance 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 subscribe.
St James Place panel reinstatement : You have questions, we have answers
- Is there a charge to be reinstated onto the St James Place conveyancing panel?
- What are the next steps open to me if our St James Place panel reinstatement application is turned down and the client of the firm has a mortgage application with the St James Place?
- What are our options if my firm’s reinstatement panel submission with St James Place is declined?
- Does my practice need to apply annually to be reinstated on the St James Place conveyancing panel?
- Can you outline the application process 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 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.