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.
- Your firm no longer meets the criteria to remain on the Chelsea Building Society conveyancing panel
- Missing deadline to reapply to remain on the Chelsea Building Society convincing panel
- Failure to act in accordance with the Chelsea Building Society panel terms, 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.
- Recurring non-compliance with post completion requirements on behalf of Chelsea Building Society
Chelsea Building Society Conveyancing Panel Reinstatement: Common Questions
- How often will this firm be required to re-apply to remain on the Chelsea Building Society conveyancing panel?
- What happens if our Chelsea Building Society panel reinstatement application is declined and our client has a mortgage offer with the Chelsea Building Society?
- How long does the application process take when applying to be reinstated onto the Chelsea Building Society conveyancing panel?
- Is there a cost 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 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.