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
- 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.
- Persistent delays in registering a charge 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.
- Failure to act in accordance 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.
- Significant delays in post completion requirements on behalf of Hampden
Frequently asked questions concerning Hampden panel reinstatement
- What times frames are involved when applying to be reinstated onto the Hampden conveyancing panel?
- Who should complete the reinstatement application to the Hampden panel ?
- Is there a charge to be reinstated onto the Hampden conveyancing panel?
- What will happen if our Hampden panel reinstatement application is refused and our client has a mortgage application with the Hampden?
- Do any avenues remain open if our reinstatement panel submission with Hampden is rejected?
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.