Has your practice been removed from the Chelsea Building Society conveyancing panel?

Removal from the Chelsea Building Society and other lender panels: The causes of expulsion and how to get reinstated

  1. 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.
  2. Non-compliance 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 subscribe.
  3. Significant delays in registering a charge 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.
  4. Failure to reapply to remain on the Chelsea Building Society convincing panel
  5. Significant non-compliance with post completion requirements on behalf of Chelsea Building Society

Chelsea Building Society panel reinstatement: Five Common Questions

  1. Can we appeal if this practice’s application for reinstatement was refused?
  2. Does the COLP in my firm need to sign the reinstatement application to the Chelsea Building Society panel ?
  3. Can we act for Chelsea Building Society while the application for reinstatement on the Chelsea Building Society panel is being progressed? How do I find out if our reinstatement application to the Chelsea Building Society panel is approved?
  4. Please can you set out the application procedures to be reinstated onto the Chelsea Building Society conveyancing panel?
  5. Am I restricted as to the number of occasions my practice can apply to get back 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 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.