Removal from the Halifax and other lender panels: Why they do it and how to get reinstated
- 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.
- 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.
- Breaches of Halifax conveyancing panel requirements
- Recurring 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.
- Recurring delays in post completion requirements on behalf of Halifax
Answers to Frequently asked questions concerning Halifax panel reinstatement
- Can this firm 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 accepted?
- How often will this firm be required to re-apply to remain on the Halifax conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Halifax panel ?
- Is there a cost to revert back onto the Halifax conveyancing panel?
- How long does the application process take when applying 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.