Removal from the Coventry Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Coventry Building Society panel requirements, the written instructions that Coventry Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Coventry Building Society may subsequently subscribe.
- Breaches of Coventry Building Society conveyancing panel Terms and Conditions
- Your firm fails to meet the criteria to remain on the Coventry Building Society conveyancing panel
- Recurring delays in registering security on behalf of Coventry Building Society Delays or failure to register the Coventry Building Society charge may result in referral to external lawyers of Coventry Building Society to complete outstanding requirements.
- Coventry 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.
Answers to Frequently asked questions concerning Coventry Building Society panel reinstatement
- Please can you set out the application protocol to be reinstated onto the Coventry Building Society conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Coventry Building Society is turned down?
- Am I restricted as to the number of occasions my practice can submit applications to get back on the Coventry Building Society conveyancing panel?
- How often will this firm be required to re-apply to remain on the Coventry Building Society conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is declined?
Top Tip: The best way to avoid the hassle of seeking Coventry Building Society panel reinstatement is to ensure that your firm is not removed off of the Coventry 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 Coventry Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Coventry 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 Coventry Building Society conveyancing panel.