Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Your practice no longer meets the criteria to remain on the Chelsea Building Society conveyancing panel
- Breaches of Chelsea Building Society conveyancing panel Terms and Conditions
- Persistent delays in post completion requirements set by Chelsea Building Society
- 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 adopt.
Frequently asked questions concerning Chelsea Building Society panel reinstatement
- What times frames are involved when applying to revert back onto the Chelsea Building Society conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Chelsea Building Society is turned down?
- What is the application process to be reinstated onto the Chelsea Building Society conveyancing panel?
- Is there a charge to be reinstated onto the Chelsea Building Society conveyancing panel?
- Does the COLP in my firm need to sign 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.