Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Breaches of Hampden conveyancing panel requirements
- Failure to reapply to remain on the Hampden convincing panel
- Significant 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.
- Hampden may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Hampden panel reinstatement : questions that we get asked
- What are the next steps open to me if our Hampden panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Hampden?
- Are you able to explain why our application for reinstatement is turned down?
- Is there a limit to the amount of occasions my practice can apply to get back on the Hampden conveyancing panel?
- Can we act for Hampden while the application for reinstatement on the Hampden panel is being processed? How do I find out if our reinstatement application to the Hampden panel is approved?
- Does my practice need to apply annually to remain 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 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.