Removal from the Habito and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Habito panel terms, the written instructions that Habito give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Habito may subsequently subscribe.
- Missing deadline to reapply to remain on the Habito convincing panel
- 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.
- Significant 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.
- Breaches of Habito conveyancing panel requirements
Habito Conveyancing Panel Reinstatement: Common Questions
- Does my practice need to apply annually to remain on the Habito conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Habito is rejected?
- How do I discover why my firm’s application for reinstatement is turned down?
- Am I restricted as to the number of times my firm can apply to be reinstated on the Habito conveyancing panel?
- What are the next steps open to me if our Habito panel reinstatement application is declined and our client has a mortgage offer 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.