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 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 Halifax Delays or failure to register the Halifax charge may result in referral to external lawyers of Halifax to complete outstanding requirements.
- Breaches of Halifax conveyancing panel requirements
- 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 adopt.
- Your practice fails to meet the criteria to remain on the Halifax conveyancing panel
Halifax panel reinstatement: Five Common Questions
- What are the consequences if our Halifax panel reinstatement application is refused and our client has a mortgage application with the Halifax?
- Does my practice need to apply annually to be reinstated on the Halifax conveyancing panel?
- Who should sign the reinstatement application to the Halifax panel ?
- Is there a fee to be reinstated onto the Halifax conveyancing panel?
- Can we act for Halifax while the appeal for reinstatement on the Halifax panel is being progressed? How do I know if our reinstatement appeal to the Halifax panel is approved?
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 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 Halifax conveyancing panel.