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 subscribe.
- 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.
- Breaches of HSBC UK Bank conveyancing panel Terms and Conditions
- 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 firm fails to meet the criteria to remain on the HSBC UK Bank conveyancing panel
Common queries about HSBC UK Bank conveyancing panel reinstatement
- Is there a cost to revert back onto 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 assessed? How do I know if our reinstatement application to the HSBC UK Bank panel is accepted?
- What are our options if my firm’s reinstatement panel submission with HSBC UK Bank is declined?
- What are the consequences if our HSBC UK Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the HSBC UK Bank?
- Am I restricted as to the number of times my law firm can apply to get back on 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 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.