Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- Halifax 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 Halifax convincing panel
- Failure to act in accordance with the Halifax panel terms, the written instructions that Halifax provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Halifax may subsequently subscribe.
- Persistent delays in registering a charge on behalf of Halifax Delays or failure to register the Halifax charge may result in referral to external lawyers of Halifax to complete outstanding requirements.
- Significant delays in post completion requirements on behalf of Halifax
Frequently asked questions concerning Halifax panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Halifax is declined?
- How often will this firm be required to re-apply to remain on the Halifax conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to get back on the Halifax conveyancing panel?
- What is the application process to be reinstated onto the Halifax conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was turned down?
Top Tip: The best way to avoid the hassle of seeking Halifax panel reinstatement is to ensure that your firm is not removed off of the Halifax 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 Halifax conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Halifax 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 Halifax conveyancing panel.