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.
- Your practice fails to meet the criteria to remain on the Halifax conveyancing panel
- 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.
- Persistent 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.
Frequently asked questions concerning Halifax panel reinstatement
- How long does the application process take when applying to revert back onto the Halifax conveyancing panel?
- What happens if our Halifax panel reinstatement application is refused and our client has a mortgage offer with the Halifax?
- Can we act for Halifax while the application for reinstatement on the Halifax panel is being assessed? How do I discover if our reinstatement application to the Halifax panel is accepted?
- Does my practice need to apply annually to remain on the Halifax conveyancing panel?
- Please can you set out the application process 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 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.