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.
- Failure to act in accordance with the Cambridge Building Society panel terms, 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.
- Persistent delays in registering security 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.
- Your law firm no longer meets the criteria to remain on the Cambridge Building Society conveyancing panel
- Missing deadline to reapply to remain on the Cambridge Building Society convincing panel
Cambridge Building Society Conveyancing Panel Reinstatement: Common Questions
- What are our options if my firm’s reinstatement panel application with Cambridge Building Society is refused?
- Is there a cost to revert back onto the Cambridge Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Cambridge Building Society conveyancing panel?
- Are you able to explain why our application for reinstatement was refused?
- How long does the application process take 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 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 Cambridge Building Society conveyancing panel.