Removal from the Chelsea Building Society and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Chelsea Building Society conveyancing panel
- 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.
- Non-compliance 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.
- Breaches of Chelsea Building Society conveyancing panel requirements
- Recurring delays in post completion requirements on behalf of Chelsea Building Society
Chelsea Building Society panel reinstatement : You have questions, we have answers
- What will happen if our Chelsea Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Chelsea Building Society?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Chelsea Building Society is rejected?
- Can you outline the application protocol to be reinstated onto the Chelsea Building Society conveyancing panel?
- Can we act for Chelsea Building Society while the application for reinstatement on the Chelsea Building Society panel is being processed? How do I discover if our reinstatement application to the Chelsea Building Society panel is approved?
- Am I restricted as to the number of occasions my law firm can 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.