Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Your law firm fails to meet the criteria to remain on the Family Building Society conveyancing panel
- 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 subscribe.
- Missing deadline to reapply to remain on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel requirements
Answers to Frequently asked questions concerning Family Building Society panel reinstatement
- Is there a fee to revert back onto the Family Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Family Building Society conveyancing panel?
- Can you outline the application process to be reinstated onto the Family Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Family Building Society panel ?
- Is it possible to find out this practice’s application for reinstatement is turned down?
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.