Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge 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.
- Failure to act in accordance with the Family Building Society panel requirements, 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.
- Persistent delays in post completion requirements on behalf of Family Building Society
- Failure to reapply to remain on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel requirements
Family Building Society panel reinstatement: Five Common Questions
- What happens if our Family Building Society panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Family Building Society?
- Can we act for Family Building Society while the application for reinstatement on the Family Building Society panel is being assessed? How do I find out if our reinstatement appeal to the Family Building Society panel is accepted?
- Is it possible to find out this practice’s application for reinstatement is turned down?
- Does the COLP in my firm need to sign the reinstatement application to the Family Building Society panel ?
- What are our options if our reinstatement panel submission with Family Building Society is refused?
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.