Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Hampden conveyancing panel
- Breaches of Hampden conveyancing panel Terms and Conditions
- Non-compliance with the Hampden panel terms, 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 adopt.
- Missing deadline to reapply to remain on the Hampden convincing panel
- Significant non-compliance with post completion requirements set by Hampden
Hampden panel reinstatement : questions that we get asked
- What happens if our Hampden panel reinstatement application is refused and the client of the firm has a mortgage application with the Hampden?
- What times frames are involved when applying to be reinstated onto the Hampden conveyancing panel?
- Does my practice need to apply annually to remain on the Hampden conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Hampden is rejected?
- Can you outline the application protocol 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 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.