Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Chelsea Building Society conveyancing panel requirements
- Persistent non-compliance with post completion requirements set by Chelsea Building Society
- 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.
- Failure to reapply to be on the Chelsea Building Society convincing panel
- Failure to act in accordance with the Chelsea Building Society panel requirements, the written instructions that Chelsea Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Chelsea Building Society may subsequently adopt.
Chelsea Building Society panel reinstatement : You have questions, we have answers
- What are the next steps open to me if our Chelsea Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Chelsea Building Society?
- Does my practice need to apply annually to remain on the Chelsea Building Society conveyancing panel?
- Is there a limit to the number of occasions my practice can submit applications to be reinstated on the Chelsea Building Society conveyancing panel?
- Can you outline the application protocol to be reinstated onto the Chelsea Building Society conveyancing panel?
- What times frames are involved when applying 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 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.