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
- Significant non-compliance with post completion requirements on behalf of Cambridge Building Society
- Breaches of Cambridge Building Society conveyancing panel requirements
- Cambridge Building Society may terminate membership of its conveyancing panel where a firm provides false answers 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 subscribe.
Cambridge Building Society panel reinstatement: Five Common Questions
- Is there a fee to revert back onto the Cambridge Building Society conveyancing panel?
- What times frames are involved when applying to revert back onto the Cambridge Building Society conveyancing panel?
- How often will this firm be required to re-apply to remain on the Cambridge Building Society conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was rejected?
- What will happen if our Cambridge Building Society panel reinstatement application is refused and our client has a mortgage offer 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.