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JPMorgan Conveyancing Panel: Recently Asked Questions
Is it true that the Law Society has recommended that firms check their status on the
JPMorgan conveyancing panel?
The Scottish Law Society has advised that solicitors should check their panel status with lenders prior to accepting client instructions to act. The advice is lender-agnostic as it does not relate specifically to solicitors on the
JPMorgan conveyancing panel. The suggestion arises from the practice of a number of mortgage lenders who remove solicitors from their panels without prior notice as part of their panel management system, which can lead to some solicitors discovering this only once instructed. This is sensible advice as a client finding out midway through a transaction that their lawyer is not on the approved lender panel is very frustrating and can lead to complaints. Many online consumer forums contain posts where someone is complaining about finding that their lawyer is not on a lender conveyancing panel. Such forums include mumsnet.com
Are there conditions,outside the CML Part 2 requirements, that a firm should be aware of when on the JPMorgan conveyancing panel?
In order to be on the JPMorgan conveyancing panel solicitors have to complete an application form and agree Terms and Conditions. A sample of 5 conditions that we see amongst many lenders Terms (but not necessarily JPMorgan) are as follows:
- To quote on all communications with us relating to deeds/registration issues, whether by telephone or in writing, the panel number that we provide for each practising address and the mortgage account or application number for the mortgage concerned.
- That any deeds you borrow from us in connection with the personal mortgage of a partner or director at your firm must be requested by a partner or director other than the partner or director concerned and the transaction must be handled by that other partner or director. If you are a sole practitioner and require the loan of deeds in connection with your own mortgage, you must nominate a different firm on our panel to request the deeds and handle the transaction.
- If you are a sole practitioner, to arrange for appropriate locum cover from our panel where necessary. Your locum must be a member of the Conveyancing panel.
- To carry out our instructions with reasonable care and skill, ensuring that all employees carrying out mortgage work on our behalf are qualified and competent to do so
- To forward the title deeds and documents to another solicitor/conveyancer within 24 hours of an instruction from us requiring you to do so. On forwarding the deeds as instructed you will confirm to us that you have done so. Upon receipt of your confirmation, we will release you from all undertakings relating to your holding the title deeds.
My firm is on the
JPMorgan conveyancing panel. I am dealing with
JPMorgan mortgage on a purchase. My borrower client is asking not to disclose an issue to
JPMorgan. What do I do in this conflict situation?
When a solicitor is acting for both
JPMorgan and borrower there is potential for conflicts
to arise. You owe duties to both clients. All information received by
you from your client is confidential and cannot be disclosed without
the client’s consent. In the situation you find yourself in if the
purchaser will not consent to the information being passed on to the
lender the solicitor must cease to act for the JPMorgan
and it may well be prudent you to cease to act for the purchaser as
well. You can not tell the JPMorgan the reason for
termination of the retainer over and above the fact that a conflict
has arisen. The fact that you can no longer act should alert even the
most somnambulistic of lenders that something is wrong with the
borrower and/or purchase. The fact that you have disinstructed
yourself should not affect your JPMorgan conveyancing
panel status.
My lawyers pass me the odd LENDERmonitor email but I don't see that many important changes. For instance, Fortunately my practice on the
JPMorgan conveyancing panel and get an alerts simply telling me a change of address. Isn't that just noise?
Yes it does matter because sending a communication or deeds to the wrong address can cause delays that might not only affect your borrower client but also affect your ability to remain on the
JPMorgan solicitor panel. Lets say that JPMorgan change their requirements as to where their panel firm send the deeds.
Do you change the details in your case management system? Is this recorded anywhere? Is this information passed on to secretaries and assistants? By virtue of your COT JPMorgan you are giving assurances that you will forward the deeds within 10 days of receiving the Title Information Document. Putting to one side the academic question as to whether you are technically breaching an undertaking in sending it to the wrong address, you run the risk of
JPMorgan suspending you off the panel because they are not receiving the deeds in accordance with the COT. It will not be a valid excuse to say that you sent it to their old address.
Do publish figures exists disclosing the
JPMorgan conveyancing panel size as well as the number of conveyancing firms dismissed each year?
With mortgage companies and solicitors working so closely together it is surprising that there has not been much call for the introduction of a bit of transparency regarding not just the figures for the
JPMorgan conveyancing panel but for all mortgage panel listings
Our membership of the
JPMorgan conveyancing panel was revoked but was reinstated on appeal, do I need to disclose these details on my application for CQS accreditation?
We would recommend that you supply details of the date of removal, information on the reason for
removal, date of appeal and any reason given for reinstatement. This
should not negatively affect your application but gives the Law Society viability as to what has gone on.
I am on the
JPMorgan
conveyancing panel and due to complete a remortgage within the next few weeks. My papers do not include a Mortgage Deed for the client to execute.
Who do I contact at JPMorgan to get a duplicate Deed?
You would be advised to get in touch with JPMorgan
to obtain standard documents. The CML Handbook has an explicit section for banks to set out who to contact to obtain standard documents.
JPMorgan in their Part 2’s state:
Please remember to disclose the firm’s JPMorgan solicitors panel reference.
Find a Lawyer on the JPMorgan Conveyancing Panel
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Average number of days to register title including a charge in favour of JPMorgan
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2026 | [no data] |
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited JPMorgan Firms
- Draft Report on Title precedent for JPMorgan borrowers
- Draft Anti Money Laundering PolicyTemplate for JPMorgan panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the JPMorgan lender panel
- Buy-to-Let help for JPMorgan
- Consent-to-Let help for JPMorgan
- Contractor Mortgages with JPMorgan
