Removal from the Cumberland Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure to act in accordance with the Cumberland Building Society panel requirements, the written instructions that Cumberland Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Cumberland Building Society may subsequently subscribe.
- 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.
- Breaches of Cumberland Building Society conveyancing panel requirements
- Your practice no longer meets the criteria to remain on the Cumberland Building Society conveyancing panel
Cumberland Building Society panel reinstatement : questions that we get asked
- Does the COLP in my firm need to sign the reinstatement application to the Cumberland Building Society panel ?
- Is there a limit to the number of times my law firm can submit applications to be reinstated on the Cumberland Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Cumberland Building Society conveyancing panel?
- What is the application protocol to revert back onto the Cumberland Building Society conveyancing panel?
- What are our options if our reinstatement panel application with Cumberland Building Society is refused?
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.