Removal from the Habito and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- 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.
- Your firm no longer meets the criteria to remain on the Habito conveyancing panel
- Breaches of Habito conveyancing panel requirements
- 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.
Frequently asked questions concerning Habito panel reinstatement
- How long does the application process take when applying to revert back 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 next steps open to me if our Habito panel reinstatement application is rejected and our client has a mortgage offer with the Habito?
- Can we act for Habito while the application for reinstatement on the Habito panel is being reviewed? How do I know if our reinstatement appeal to the Habito panel is approved?
- Am I restricted as to the number of times my law firm can apply to be reinstated on 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.