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.
- Non-compliance 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.
- Breaches of Cumberland Building Society conveyancing panel requirements
- Your law firm fails to meet 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.
Common queries about Cumberland Building Society conveyancing panel reinstatement
- 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 find out if our reinstatement appeal to the Cumberland Building Society panel is approved?
- Does my practice need to apply annually to remain on the Cumberland Building Society conveyancing panel?
- What will happen if our Cumberland Building Society panel reinstatement application is declined and our client has a mortgage application with the Cumberland Building Society?
- What times frames are involved when applying to be reinstated onto the Cumberland Building Society conveyancing panel?
- Is there a cost to be reinstated onto 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 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.