Removal from the Cambridge Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Cambridge Building Society conveyancing panel
- Non-compliance with the Cambridge Building Society panel requirements, the written instructions that Cambridge Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cambridge Building Society may subsequently adopt.
- Breaches of Cambridge Building Society conveyancing panel Terms and Conditions
- 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.
- Missing deadline to reapply to be on the Cambridge Building Society convincing panel
Cambridge Building Society panel reinstatement: Five Common Questions
- Is there a cost to revert back onto the Cambridge Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Cambridge Building Society panel ?
- Can we act for Cambridge Building Society while the appeal 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 accepted?
- What are the consequences if our Cambridge Building Society panel reinstatement application is turned down and our client has a mortgage application with the Cambridge Building Society?
- What times frames are involved when applying to revert back onto the Cambridge Building Society conveyancing panel?
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.