Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Hampden
- 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.
- Missing deadline to reapply to be on the Hampden convincing panel
- 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 adopt.
- Your practice fails to meet the criteria to remain on the Hampden conveyancing panel
Common questions about Hampden conveyancing panel reinstatement
- Is there a limit to the number of occasions my firm can submit applications to get back on the Hampden conveyancing panel?
- What are our options if our reinstatement panel submission with Hampden is rejected?
- Who should sign the reinstatement application to the Hampden panel ?
- What are the next steps open to me if our Hampden panel reinstatement application is rejected and our client has a mortgage application with the Hampden?
- Are you able to explain why our application for reinstatement is declined?
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.