Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated

  • Persistent delays in registering security on behalf of Family Building Society Delays or failure to register the Family Building Society charge may result in referral to external lawyers of Family Building Society to complete outstanding requirements.
  • Breaches of Family Building Society conveyancing panel Terms and Conditions
  • Failure to reapply to be on the Family Building Society convincing panel
  • 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.
  • 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 panel reinstatement : questions that we get asked

  • Is it the practice manager who is required to complete the reinstatement application to the Family Building Society panel ?
  • Can this firm act for Family Building Society while the appeal for reinstatement on the Family Building Society panel is being assessed? How do I know if our reinstatement application to the Family Building Society panel is accepted?
  • What will happen if our Family Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Family Building Society?
  • Is there a cost to be reinstated onto the Family Building Society conveyancing panel?
  • Is there a limit to the amount of occasions my firm can submit applications to be reinstated on 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.

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