Removal from the Cambridge Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent non-compliance with post completion requirements set by Cambridge Building Society
- Failure to reapply to remain on the Cambridge Building Society convincing panel
- Your law firm fails to meet the criteria to remain on the Cambridge Building Society conveyancing panel
- 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.
Cambridge Building Society Conveyancing Panel Reinstatement: Common Questions
- What happens if our Cambridge Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Cambridge Building Society?
- Does my practice need to apply annually to remain on the Cambridge Building Society conveyancing panel?
- Can you outline the application process to revert back onto the Cambridge Building Society conveyancing panel?
- Is there a limit to the number of occasions my law firm can submit applications to get back on the Cambridge Building Society conveyancing 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 discover if our reinstatement appeal to the Cambridge Building Society panel is accepted?
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.