Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Halifax conveyancing panel
- 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.
- Missing deadline to reapply to be on the Halifax convincing panel
- Significant non-compliance with post completion requirements on behalf of Halifax
- Non-compliance with the Halifax panel requirements, 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.
Answers to Frequently asked questions concerning Halifax panel reinstatement
- How long does the application process take when applying to revert back onto the Halifax conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Halifax panel ?
- Do any avenues remain open if our reinstatement panel submission with Halifax is turned down?
- What are the next steps open to me if our Halifax panel reinstatement application is rejected and the client of the firm has a mortgage application with the Halifax?
- Can we appeal if my firm’s application for reinstatement was declined?
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.