Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- 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 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.
- Your law firm fails to meet the criteria to remain on the Chelsea Building Society conveyancing panel
- Recurring delays in post completion requirements on behalf of Chelsea Building Society
Questions Chelsea Building Society panel reinstatement firms ask us
- How long does the application process take when applying to revert back onto the Chelsea Building Society conveyancing panel?
- Is there a cost to be reinstated onto the Chelsea Building Society conveyancing panel?
- Am I restricted as to the number of occasions my law firm can submit applications to get back on the Chelsea Building Society conveyancing panel?
- What happens if our Chelsea Building Society panel reinstatement application is rejected and our client has a mortgage offer with the Chelsea Building Society?
- How often will this firm be required to re-apply to be reinstated on 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.