Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Chelsea 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.
- Recurring delays in registering security on behalf of Chelsea Building Society Delays or failure to register the Chelsea Building Society charge may result in referral to external lawyers of Chelsea Building Society to complete outstanding requirements.
- Non-compliance with the Chelsea Building Society panel terms, the written instructions that Chelsea Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Chelsea Building Society may subsequently subscribe.
- Missing deadline to reapply to remain on the Chelsea Building Society convincing panel
- Recurring delays in post completion requirements set by Chelsea Building Society
How can we assist? Chelsea Building Society panel reinstatement questions
- How long does the application process take when applying to be reinstated onto the Chelsea Building Society conveyancing panel?
- Who should complete the reinstatement application to the Chelsea Building Society panel ?
- What will happen if our Chelsea Building Society panel reinstatement application is declined and our client has a mortgage application with the Chelsea Building Society?
- Am I restricted as to the amount of occasions my firm can submit applications to be reinstated on the Chelsea Building Society conveyancing panel?
- Is there a charge to revert back onto the Chelsea Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Chelsea Building Society panel reinstatement is to ensure that your firm is not removed off of the Chelsea 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 Chelsea Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Chelsea 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 Chelsea Building Society conveyancing panel.