Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Chelsea Building Society convincing panel
- Significant non-compliance with post completion requirements set by Chelsea Building Society
- 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.
- Non-compliance 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.
- Your practice fails to meet the criteria to remain on the Chelsea Building Society conveyancing panel
Questions Chelsea Building Society panel reinstatement firms ask us
- Is there a fee to be reinstated onto the Chelsea Building Society conveyancing panel?
- What are the consequences if our Chelsea Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Chelsea Building Society?
- Can we appeal if my firm’s application for reinstatement is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Chelsea Building Society panel ?
- How long does the application process take 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 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.