Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Chelsea Building Society conveyancing 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 subscribe.
- Failure to reapply to remain on the Chelsea Building Society convincing panel
- Chelsea Building Society may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant delays in post completion requirements on behalf of Chelsea Building Society
Chelsea Building Society panel reinstatement: Five Common Questions
- Is it the practice manager who is required to sign the reinstatement application to the Chelsea Building Society panel ?
- Can you outline the application process to revert back onto the Chelsea Building Society conveyancing panel?
- Is it possible to find out our application for reinstatement is refused?
- Can this firm act for Chelsea Building Society while the application for reinstatement on the Chelsea Building Society panel is being processed? How do I know if our reinstatement application to the Chelsea Building Society panel is accepted?
- What will happen if our Chelsea Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Chelsea Building Society?
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.