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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which HSBC UK Bank may subsequently subscribe.
- Your law firm 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 provides false answers in its application form or in relation to any future requests for information.
- 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.
- Persistent non-compliance with post completion requirements set by HSBC UK Bank
HSBC UK Bank Conveyancing Panel Reinstatement: Common Questions
- What are our options if my firm’s reinstatement panel application with HSBC UK Bank is declined?
- Can this firm act for HSBC UK Bank while the appeal 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 approved?
- How often will this firm be required to re-apply to remain on the HSBC UK Bank conveyancing panel?
- Is there a cost to revert back onto the HSBC UK Bank conveyancing panel?
- Can we appeal if our application for reinstatement was declined?
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.