Removal from the Hampden and other lender panels: Why they do it and how to get reinstated
- 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 law firm fails to meet the criteria to remain on the Hampden conveyancing panel
- Missing deadline to reapply to remain on the Hampden convincing panel
- Recurring non-compliance with post completion requirements set by Hampden
- 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.
Answers to Frequently asked questions concerning Hampden panel reinstatement
- Am I restricted as to the amount of occasions my practice can submit applications to get back on the Hampden conveyancing panel?
- Who should sign the reinstatement application to the Hampden panel ?
- How long does the application process take when applying to be reinstated onto the Hampden conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is refused?
- Is the door firmly shut if my firm’s reinstatement panel application 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.