Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering a charge 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.
- Your firm fails to meet the criteria to remain on the Chelsea Building Society conveyancing panel
- Failure to reapply to remain on the Chelsea Building Society convincing panel
- Significant non-compliance with post completion requirements set by Chelsea Building Society
- Non-compliance with the Chelsea Building Society panel requirements, 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.
Frequently asked questions concerning Chelsea Building Society panel reinstatement
- What are our options if our reinstatement panel application with Chelsea Building Society is declined?
- Can we act for Chelsea Building Society while the appeal for reinstatement on the Chelsea Building Society panel is being reviewed? How do I know if our reinstatement appeal to the Chelsea Building Society panel is accepted?
- Am I restricted as to the number of times my law firm can submit applications to be reinstated on the Chelsea Building Society conveyancing panel?
- Is it possible to find out our application for reinstatement is rejected?
- Does the COLP in my firm need to complete the reinstatement application to the Chelsea Building Society 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 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 Chelsea Building Society conveyancing panel.