Removal from the Habito and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Habito conveyancing panel
- Persistent delays in registering a charge on behalf of Habito Delays or failure to register the Habito charge may result in referral to external lawyers of Habito to complete outstanding requirements.
- Missing deadline to reapply to be on the Habito convincing panel
- Recurring delays in post completion requirements set by Habito
- Habito may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Answers to Frequently asked questions concerning Habito panel reinstatement
- Please can you set out the application procedures to revert back onto the Habito conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Habito panel ?
- Is there a charge to be reinstated onto the Habito conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Habito conveyancing panel?
- What are the consequences if our Habito panel reinstatement application is rejected and the client of the firm has a mortgage application with the Habito?
Top Tip: The best way to avoid the hassle of seeking Habito panel reinstatement is to ensure that your firm is not removed off of the Habito 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 Habito conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Habito 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 Habito conveyancing panel.