HSBC UK Bank panel reinstatement guidance - Here to assist

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

  1. Recurring 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.
  2. Your firm no longer meets the criteria to remain on the HSBC UK Bank conveyancing panel
  3. Non-compliance 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 adopt.
  4. Recurring non-compliance with post completion requirements on behalf of HSBC UK Bank
  5. Breaches of HSBC UK Bank conveyancing panel requirements

HSBC UK Bank panel reinstatement : questions that we get asked

  1. 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 appeal to the HSBC UK Bank panel is accepted?
  2. Is the door firmly shut if our reinstatement panel application with HSBC UK Bank is rejected?
  3. What will happen 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?
  4. Are you able to explain why my firm’s application for reinstatement is rejected?
  5. Does my practice need to apply annually to remain 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.