Removal from the Habito and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Habito conveyancing panel
- Failure to act in accordance with the Habito panel requirements, the written instructions that Habito provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Habito may subsequently subscribe.
- Persistent non-compliance with post completion requirements on behalf of Habito
- Missing deadline to reapply to be on the Habito convincing 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.
Habito panel reinstatement : questions that we get asked
- Can we appeal if this practice’s application for reinstatement is declined?
- What times frames are involved when applying to revert back onto the Habito conveyancing panel?
- Can we act for Habito while the application for reinstatement on the Habito panel is being assessed? How do I know if our reinstatement appeal to the Habito panel is approved?
- How often will this firm be required to re-apply to be reinstated on the Habito conveyancing panel?
- What is the application protocol to revert back onto the Habito conveyancing panel?
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.