Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Family Building Society convincing panel
- Failure to act in accordance 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 provides false answers in its application form or in relation to any future requests for information.
- Persistent non-compliance with post completion requirements on behalf of Family Building Society
- Breaches of Family Building Society conveyancing panel requirements
Answers to Frequently asked questions concerning Family Building Society panel reinstatement
- Can we appeal if my firm’s application for reinstatement is turned down?
- Is the door firmly shut if our reinstatement panel submission with Family Building Society is declined?
- Can this firm act for Family Building Society while the appeal for reinstatement on the Family Building Society panel is being reviewed? How do I discover if our reinstatement appeal to the Family Building Society panel is accepted?
- Am I restricted as to the amount of occasions my firm can submit applications to get back on the Family Building Society conveyancing panel?
- What times frames are involved when applying 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 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 Family Building Society conveyancing panel.