Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- Persistent delays in post completion requirements on behalf of Hampden
- Failure to act in accordance with the Hampden panel requirements, the written instructions that Hampden give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Hampden may subsequently subscribe.
- Your practice fails to meet the criteria to remain on the Hampden conveyancing panel
- Breaches of Hampden conveyancing panel Terms and Conditions
- 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.
Top questions concerning Hampden panel reinstatement
- Can we act for Hampden while the application for reinstatement on the Hampden panel is being progressed? How do I find out if our reinstatement appeal to the Hampden panel is approved?
- What are the next steps open to me if our Hampden panel reinstatement application is rejected and our client has a mortgage offer with the Hampden?
- What are our options if our reinstatement panel submission with Hampden is rejected?
- Can you outline the application protocol to be reinstated onto the Hampden conveyancing panel?
- Am I restricted as to the amount of occasions my firm can submit applications to be reinstated on 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 appointed 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.