Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Missing deadline to reapply to be on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel requirements
- 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.
- Significant non-compliance with post completion requirements set by Family Building Society
Family Building Society panel reinstatement: Five Common Questions
- What times frames are involved when applying to be reinstated onto the Family Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Family Building Society conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement was refused?
- 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 find out if our reinstatement application to the Family Building Society panel is approved?
- Is there a limit to the number of times 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.