Removal from the HSBC UK Bank and other lender panels: Why they do it and how to get reinstated

  • Your firm no longer meets the criteria to remain on the HSBC UK Bank conveyancing panel
  • Failure to reapply to remain on the HSBC UK Bank convincing panel
  • Significant delays in post completion requirements set by HSBC UK Bank
  • Recurring delays in registering security 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.
  • HSBC UK Bank 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.

Top questions concerning HSBC UK Bank panel reinstatement

  • Can we act for HSBC UK Bank while the application for reinstatement on the HSBC UK Bank panel is being reviewed? How do I know if our reinstatement application to the HSBC UK Bank panel is accepted?
  • Please can you set out the application process to revert back onto the HSBC UK Bank conveyancing panel?
  • Are you able to explain why my firm’s application for reinstatement was rejected?
  • Does my practice need to apply annually to be reinstated on the HSBC UK Bank conveyancing panel?
  • What happens if our HSBC UK Bank panel reinstatement application is declined and the client of the firm has a mortgage application with the HSBC UK Bank?

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 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 HSBC UK Bank conveyancing panel.

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