Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Family Building Society conveyancing panel
- Failure to reapply to remain on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel requirements
- Non-compliance with the Family Building Society panel terms, the written instructions that Family Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Family Building Society may subsequently adopt.
- Family 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.
How can we assist? Family Building Society panel reinstatement questions
- Who should complete the reinstatement application to the Family Building Society panel ?
- What times frames are involved when applying to be reinstated onto the Family Building Society conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Family Building Society is rejected?
- What are the next steps open to me if our Family Building Society panel reinstatement application is turned down and our client has a mortgage application with the Family Building Society?
- Is there a cost to revert back onto the Family Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Family Building Society panel reinstatement is to ensure that your firm is not removed off of the Family 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 Family Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Family 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 Family Building Society conveyancing panel.