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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your law firm no longer meets the criteria to remain on the Cumberland Building Society conveyancing panel
- Significant 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 Terms and Conditions
- Recurring delays in post completion requirements set by Cumberland Building Society
Questions Cumberland Building Society panel reinstatement firms ask us
- What happens if our Cumberland Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Cumberland Building Society?
- Is there a fee to revert back onto the Cumberland Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Cumberland Building Society panel ?
- Does my practice need to apply annually to be reinstated on the Cumberland Building Society conveyancing panel?
- Is there a limit to the number of occasions my firm can apply to get back on the Cumberland Building Society conveyancing panel?
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 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 Cumberland Building Society conveyancing panel.