Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Halifax conveyancing panel
- Persistent delays in post completion requirements set by Halifax
- Failure to act in accordance with the Halifax panel terms, the written instructions that Halifax give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Halifax may subsequently subscribe.
- Missing deadline to reapply to be on the Halifax convincing panel
- 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.
Answers to Frequently asked questions concerning Halifax panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Halifax is rejected?
- Can we act for Halifax while the appeal for reinstatement on the Halifax panel is being assessed? How do I know if our reinstatement application to the Halifax panel is approved?
- What will happen if our Halifax panel reinstatement application is rejected and our client has a mortgage offer with the Halifax?
- Does my practice need to apply annually to remain on the Halifax conveyancing panel?
- Is there a limit to the number of occasions my law firm can apply to get back on the Halifax conveyancing panel?
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.