Removal from the Cumberland Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering security on behalf of Cumberland Building Society Delays or failure to register the Cumberland Building Society charge may result in referral to external lawyers of Cumberland Building Society to complete outstanding requirements.
- Failure to act in accordance with the Cumberland Building Society panel requirements, the written instructions that Cumberland Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cumberland Building Society may subsequently subscribe.
- Cumberland 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.
- Breaches of Cumberland Building Society conveyancing panel requirements
- Failure to reapply to be on the Cumberland Building Society convincing panel
Questions Cumberland Building Society panel reinstatement firms ask us
- Can this firm act for Cumberland Building Society while the application for reinstatement on the Cumberland Building Society panel is being processed? How do I know if our reinstatement application to the Cumberland Building Society panel is accepted?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Cumberland Building Society is rejected?
- Please can you set out the application protocol to be reinstated onto the Cumberland Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Cumberland Building Society panel ?
- What will happen if our Cumberland Building Society panel reinstatement application is rejected and our client has a mortgage application with the Cumberland Building Society?
Top Tip: The best way to avoid the hassle of seeking Cumberland Building Society panel reinstatement is to ensure that your firm is not removed off of the Cumberland 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 Cumberland Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Cumberland 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 Cumberland Building Society conveyancing panel.