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

  • Persistent non-compliance with post completion requirements on behalf of HSBC UK Bank
  • Breaches of HSBC UK Bank conveyancing panel requirements
  • Failure to act in accordance with the HSBC UK Bank panel terms, 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.
  • Your practice no longer meets the criteria to remain on the HSBC UK Bank conveyancing panel
  • 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.

FAQs : HSBC UK Bank Conveyancing panel reinstatement

  • Is it the practice manager who is required to sign the reinstatement application to the HSBC UK Bank panel ?
  • What times frames are involved when applying to be reinstated onto the HSBC UK Bank conveyancing panel?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel application with HSBC UK Bank is refused?
  • What are the next steps open to me if our HSBC UK Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the HSBC UK Bank?
  • Does my practice need to apply annually to be reinstated 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.

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