Removal from the Habito and other lender panels: Why they do it and how to get reinstated
- Habito 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 reapply to remain on the Habito convincing panel
- Breaches of Habito conveyancing panel Terms and Conditions
- 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.
- Non-compliance 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.
Top questions concerning Habito panel reinstatement
- What will happen if our Habito panel reinstatement application is declined and the client of the firm has a mortgage offer with the Habito?
- Do any avenues remain open if our reinstatement panel submission with Habito is refused?
- Is it the practice manager who is required to complete the reinstatement application to the Habito panel ?
- What is the application procedures to be reinstated onto the Habito conveyancing panel?
- Is there a charge to be reinstated 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 appointed 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.