Removal from the Hodge Equity Release and other lender panels: Why they do it and how to get reinstated
- Hodge Equity Release 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.
- Significant delays in registering a charge on behalf of Hodge Equity Release Delays or failure to register the Hodge Equity Release charge may result in referral to external lawyers of Hodge Equity Release to complete outstanding requirements.
- Non-compliance with the Hodge Equity Release panel terms, the written instructions that Hodge Equity Release give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Hodge Equity Release may subsequently adopt.
- Breaches of Hodge Equity Release conveyancing panel requirements
- Your firm fails to meet the criteria to remain on the Hodge Equity Release conveyancing panel
Top questions concerning Hodge Equity Release panel reinstatement
- Can you outline the application protocol to be reinstated onto the Hodge Equity Release conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Hodge Equity Release is turned down?
- What times frames are involved when applying to revert back onto the Hodge Equity Release conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Hodge Equity Release panel ?
- Does my practice need to apply annually to remain on the Hodge Equity Release conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Hodge Equity Release panel reinstatement is to ensure that your firm is not removed off of the Hodge Equity Release 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 Hodge Equity Release conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Hodge Equity Release 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 Hodge Equity Release conveyancing panel.