Removal from the Cumberland Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Cumberland Building Society convincing panel
- Breaches of Cumberland Building Society conveyancing panel requirements
- Your law firm no longer meets the criteria to remain on the Cumberland Building Society conveyancing panel
- 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 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 subscribe.
Frequently asked questions concerning Cumberland Building Society panel reinstatement
- Is it the practice manager who is required to complete the reinstatement application to the Cumberland Building Society panel ?
- Can we appeal if my firm’s application for reinstatement was refused?
- What happens if our Cumberland Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Cumberland Building Society?
- Is there a cost to be reinstated onto the Cumberland Building Society conveyancing panel?
- Can we act for Cumberland Building Society while the application for reinstatement on the Cumberland Building Society panel is being assessed? How do I discover if our reinstatement application to the Cumberland Building Society panel is accepted?
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.