Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Failure to reapply to remain on the Halifax convincing panel
- Breaches of Halifax conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements on behalf of Halifax
- Significant delays in registering security 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.
Top questions concerning Halifax panel reinstatement
- Is it possible to find out this practice’s application for reinstatement is refused?
- Is the door firmly shut if our reinstatement panel application with Halifax is turned down?
- Can this firm act for Halifax while the appeal for reinstatement on the Halifax panel is being reviewed? How do I find out if our reinstatement appeal to the Halifax panel is approved?
- Is there a charge to revert back onto the Halifax conveyancing panel?
- Please can you set out the application procedures to be reinstated onto 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.