Removal from the Hodge and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Hodge
- Failure to act in accordance with the Hodge panel terms, the written instructions that Hodge provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Hodge may subsequently adopt.
- Hodge 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 security on behalf of Hodge Delays or failure to register the Hodge charge may result in referral to external lawyers of Hodge to complete outstanding requirements.
- Breaches of Hodge conveyancing panel requirements
Hodge panel reinstatement : questions that we get asked
- Does the COLP in my firm need to complete the reinstatement application to the Hodge panel ?
- Are you able to explain why my firm’s application for reinstatement was declined?
- Is there a charge to revert back onto the Hodge conveyancing panel?
- Can you outline the application procedures to revert back onto the Hodge conveyancing panel?
- What are our options if our reinstatement panel submission with Hodge is refused?
Top Tip: The best way to avoid the hassle of seeking Hodge panel reinstatement is to ensure that your firm is not removed off of the Hodge 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 conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Hodge 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 Hodge conveyancing panel.