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.
- Persistent delays in post completion requirements on behalf of Cambridge Building Society
- Recurring 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.
- Missing deadline to reapply to remain on the Cambridge Building Society convincing panel
- Breaches of Cambridge Building Society conveyancing panel Terms and Conditions
Top questions concerning Cambridge Building Society panel reinstatement
- Is there a charge to be reinstated onto the Cambridge Building Society conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Cambridge Building Society panel ?
- Do any avenues remain open if our reinstatement panel submission with Cambridge Building Society is rejected?
- Please can you set out the application procedures 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.