Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Significant non-compliance with post completion requirements on behalf of Halifax
- Non-compliance with the Halifax panel requirements, 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.
- Failure to reapply to remain on the Halifax convincing panel
- Breaches of Halifax conveyancing panel requirements
Answers to Frequently asked questions concerning Halifax panel reinstatement
- What times frames are involved when applying to be reinstated onto the Halifax conveyancing panel?
- 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?
- Is it the practice manager who is required to complete the reinstatement application to the Halifax panel ?
- Is there a charge 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.