Removal from the St James Place and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the St James Place conveyancing panel
- 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.
- 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 adopt.
- Failure to reapply to remain on the St James Place convincing panel
- Persistent non-compliance with post completion requirements set by St James Place
Frequently asked questions concerning St James Place panel reinstatement
- Does my practice need to apply annually to remain on the St James Place conveyancing panel?
- Is it possible to find out our application for reinstatement was turned down?
- Can this firm act for St James Place while the application for reinstatement on the St James Place panel is being reviewed? How do I discover if our reinstatement appeal to the St James Place panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the St James Place panel ?
- What will happen if our St James Place panel reinstatement application is declined and the client of the firm has a mortgage application with the St James Place?
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.