Removal from the Cambridge Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- 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.
- Persistent delays in post completion requirements set by Cambridge Building Society
- Failure to act in accordance with the Cambridge Building Society panel requirements, 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 subscribe.
- Your law firm fails to meet the criteria to remain on the Cambridge Building Society conveyancing panel
Cambridge Building Society Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to revert back onto the Cambridge Building Society conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Cambridge Building Society is declined?
- Does the COLP in my firm need to complete the reinstatement application to the Cambridge Building Society panel ?
- Is there a limit to the amount of times my law firm can apply to get back on 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?
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.