Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- Breaches of Hampden conveyancing panel Terms and Conditions
- Recurring delays in registering security on behalf of Hampden Delays or failure to register the Hampden charge may result in referral to external lawyers of Hampden to complete outstanding requirements.
- Non-compliance with the Hampden panel requirements, the written instructions that Hampden provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Hampden may subsequently subscribe.
- Hampden 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.
- Recurring delays in post completion requirements set by Hampden
Hampden panel reinstatement : You have questions, we have answers
- What are our options if my firm’s reinstatement panel application with Hampden is rejected?
- What are the consequences if our Hampden panel reinstatement application is refused and our client has a mortgage offer with the Hampden?
- Am I restricted as to the amount of times my law firm can apply to be reinstated on the Hampden conveyancing panel?
- Does my practice need to apply annually to remain on the Hampden conveyancing panel?
- Is there a charge to revert back onto the Hampden conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Hampden panel reinstatement is to ensure that your firm is not removed off of the Hampden 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 Hampden conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Hampden 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 Hampden conveyancing panel.