Removal from the Cumberland Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Cumberland Building Society panel terms, 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 adopt.
- 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.
- Failure to reapply to be on the Cumberland Building Society convincing panel
- Recurring delays in post completion requirements set by Cumberland Building Society
- Your firm no longer meets the criteria to remain on the Cumberland Building Society conveyancing panel
Cumberland Building Society panel reinstatement: Five Common Questions
- Who should complete the reinstatement application to the Cumberland Building Society panel ?
- How long does the application process take when applying to be reinstated onto the Cumberland Building Society conveyancing panel?
- Is there a limit to the number of occasions my law firm can apply to get back on the Cumberland Building Society conveyancing panel?
- Does my practice need to apply annually to remain on the Cumberland Building Society conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Cumberland Building Society is turned down?
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.