Removal from the Halifax Loans and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Halifax Loans
- Non-compliance with the Halifax Loans panel terms, the written instructions that Halifax Loans provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Halifax Loans may subsequently subscribe.
- Halifax Loans 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 Loans conveyancing panel
- Recurring delays in registering security on behalf of Halifax Loans Delays or failure to register the Halifax Loans charge may result in referral to external lawyers of Halifax Loans to complete outstanding requirements.
Halifax Loans panel reinstatement: Five Common Questions
- Is there a charge to revert back onto the Halifax Loans conveyancing panel?
- How often will this firm be required to re-apply to remain on the Halifax Loans conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Halifax Loans conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Halifax Loans panel ?
- Are you able to explain why my firm’s application for reinstatement is turned down?
Top Tip: The best way to avoid the hassle of seeking Halifax Loans panel reinstatement is to ensure that your firm is not removed off of the Halifax Loans 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 Loans conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Halifax Loans 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 Loans conveyancing panel.