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

  • Significant 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Failure to reapply to remain on the HSBC UK Bank convincing panel
  • Non-compliance 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.
  • Your law firm no longer meets the criteria to remain on the HSBC UK Bank conveyancing panel

HSBC UK Bank panel reinstatement : questions that we get asked

  • What times frames are involved when applying to be reinstated onto the HSBC UK Bank conveyancing panel?
  • Who should complete the reinstatement application to the HSBC UK Bank panel ?
  • Does my practice need to apply annually to remain on the HSBC UK Bank conveyancing panel?
  • Can we 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 approved?
  • Is the door firmly shut if our reinstatement panel submission with HSBC UK Bank is 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.

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