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.
- Recurring delays in registering security 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.
- Missing deadline to reapply to be 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 provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Chelsea Building Society may subsequently subscribe.
- Your practice no longer meets the criteria to remain on the Chelsea Building Society conveyancing panel
Frequently asked questions concerning Chelsea Building Society panel reinstatement
- How often will this firm be required to re-apply to remain on the Chelsea Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Chelsea Building Society conveyancing panel?
- Can you outline the application procedures to be reinstated onto the Chelsea Building Society conveyancing panel?
- Is there a fee to revert back onto the Chelsea Building Society conveyancing panel?
- What will happen if our Chelsea Building Society panel reinstatement application is refused 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.