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 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 adopt.
- 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.
- Your firm fails to meet the criteria to remain on the Habito conveyancing panel
- Persistent delays in registering security 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
Answers to Frequently asked questions concerning Habito panel reinstatement
- How long does the application process take when applying to be reinstated onto the Habito conveyancing panel?
- How do I discover why our application for reinstatement is declined?
- What are the next steps open to me if our Habito panel reinstatement application is refused and the client of the firm has a mortgage offer with the Habito?
- Is there a cost to be reinstated onto the Habito conveyancing panel?
- Is there a limit to the amount of times my law firm can submit applications to get back 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.