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

  • Family Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Recurring delays in post completion requirements set by Family Building Society
  • Failure to reapply to be on the Family Building Society convincing panel
  • Breaches of Family Building Society conveyancing panel requirements
  • Recurring 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.

Answers to Frequently asked questions concerning Family Building Society panel reinstatement

  • What happens 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 it the practice manager who is required to sign the reinstatement application to the Family Building Society panel ?
  • Does my practice need to apply annually to remain on the Family Building Society conveyancing panel?
  • Can we act for Family Building Society while the appeal for reinstatement on the Family Building Society panel is being assessed? How do I discover if our reinstatement appeal to the Family Building Society panel is approved?
  • What times frames are involved when applying to be reinstated 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.

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