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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cambridge Building Society may subsequently adopt.
- Your firm fails to meet the criteria to remain on the Cambridge Building Society conveyancing panel
- Significant non-compliance with post completion requirements set by Cambridge Building Society
- Breaches of Cambridge Building Society conveyancing panel requirements
Frequently asked questions concerning Cambridge Building Society panel reinstatement
- Please can you set out the application procedures to be reinstated onto the Cambridge Building Society conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Cambridge Building Society is declined?
- Is there a fee to be reinstated onto the Cambridge Building Society conveyancing panel?
- Can this firm act for Cambridge Building Society while the appeal for reinstatement on the Cambridge Building Society panel is being reviewed? How do I find out if our reinstatement application to the Cambridge Building Society panel is accepted?
- What will happen if our Cambridge Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Cambridge Building Society?
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.