Removal from the HSBC UK Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the HSBC UK Bank panel requirements, the written instructions that HSBC UK Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which HSBC UK Bank may subsequently adopt.
- HSBC UK Bank 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.
- Significant delays in registering a charge on behalf of HSBC UK Bank Delays or failure to register the HSBC UK Bank charge may result in referral to external lawyers of HSBC UK Bank to complete outstanding requirements.
- Your practice no longer meets the criteria to remain on the HSBC UK Bank conveyancing panel
- Breaches of HSBC UK Bank conveyancing panel requirements
Frequently asked questions concerning HSBC UK Bank panel reinstatement
- What are our options if our reinstatement panel application with HSBC UK Bank is turned down?
- Am I restricted as to the amount of times my law firm can submit applications to be reinstated on the HSBC UK Bank conveyancing panel?
- Can this firm act for HSBC UK Bank while the application for reinstatement on the HSBC UK Bank panel is being processed? How do I discover if our reinstatement appeal to the HSBC UK Bank panel is accepted?
- Does my practice need to apply annually to remain on the HSBC UK Bank conveyancing panel?
- What is the application protocol to revert back onto the HSBC UK Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking HSBC UK Bank panel reinstatement is to ensure that your firm is not removed off of the HSBC UK Bank 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 HSBC UK Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to HSBC UK Bank 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 HSBC UK Bank conveyancing panel.