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.
- Your practice fails to meet the criteria to remain on the St James Place conveyancing panel
- Breaches of St James Place conveyancing panel requirements
- Missing deadline to reapply to remain on the St James Place convincing panel
- Failure to act in accordance with the St James Place panel requirements, 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.
St James Place panel reinstatement : questions that we get asked
- Is it the practice manager who is required to sign the reinstatement application to the St James Place panel ?
- Can we act for St James Place while the application for reinstatement on the St James Place panel is being processed? How do I find out if our reinstatement appeal to the St James Place panel is accepted?
- Is there a cost to revert back onto the St James Place conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to get back 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 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.