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.
- Your law firm no longer meets the criteria to remain on the Family Building Society conveyancing panel
- Failure to act in accordance with the Family Building Society panel requirements, the written instructions that Family Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Family Building Society may subsequently subscribe.
- Failure to reapply to be on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel Terms and Conditions
Family Building Society Conveyancing Panel Reinstatement: Common Questions
- Can you outline the application protocol to revert back onto the Family Building Society conveyancing panel?
- Am I restricted as to the amount of times my practice can apply to get back on the Family Building Society conveyancing panel?
- What happens if our Family Building Society panel reinstatement application is refused and the client of the firm has a mortgage offer with the Family Building Society?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Family Building Society is refused?
- Can this firm act for Family Building Society while the application for reinstatement on the Family Building Society panel is being reviewed? How do I know if our reinstatement application to the Family Building Society panel is approved?
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.