Removal from the Cambridge Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Your law firm fails to meet the criteria to remain on the Cambridge Building Society conveyancing panel
- Persistent delays in post completion requirements set by Cambridge Building Society
- Missing deadline to reapply to be on the Cambridge Building Society convincing panel
- 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 subscribe.
Frequently asked questions concerning Cambridge Building Society panel reinstatement
- Is there a limit to the number of times my 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 application to the Cambridge Building Society panel is approved?
- What are the consequences 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?
- Who should complete the reinstatement application to the Cambridge Building Society panel ?
- How do I discover why our application for reinstatement was refused?
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.