Removal from the Cambridge Building Society and other lender panels: Why they do it and how to get reinstated
- Cambridge Building Society 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.
- Significant delays in registering a charge on behalf of Cambridge Building Society Delays or failure to register the Cambridge Building Society charge may result in referral to external lawyers of Cambridge Building Society to complete outstanding requirements.
- Failure to act in accordance with the Cambridge Building Society panel requirements, the written instructions that Cambridge Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cambridge Building Society may subsequently subscribe.
- Persistent non-compliance with post completion requirements set by Cambridge Building Society
- Breaches of Cambridge Building Society conveyancing panel Terms and Conditions
Cambridge Building Society panel reinstatement : questions that we get asked
- Is there a fee to revert back onto the Cambridge Building Society conveyancing panel?
- How do I discover why my firm’s application for reinstatement is turned down?
- What times frames are involved when applying to revert back onto the Cambridge Building Society conveyancing panel?
- What are the next steps open to me if our Cambridge Building Society panel reinstatement application is refused and the client of the firm has a mortgage offer with the Cambridge Building Society?
- Can this firm act for Cambridge Building Society while the application for reinstatement on the Cambridge Building Society panel is being progressed? How do I know if our reinstatement application to the Cambridge Building Society panel is approved?
Top Tip: The best way to avoid the hassle of seeking Cambridge Building Society panel reinstatement is to ensure that your firm is not removed off of the Cambridge Building Society 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 Cambridge Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Cambridge Building Society 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 Cambridge Building Society conveyancing panel.