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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your firm fails to meet the criteria to remain on the Family Building Society conveyancing panel
- Failure to act in accordance with the Family Building Society panel terms, 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.
- Missing deadline to reapply to be on the Family Building Society convincing panel
- Significant delays in post completion requirements set by Family Building Society
Frequently asked questions concerning Family Building Society panel reinstatement
- Am I restricted as to the number of occasions my firm can submit applications to get back on the Family Building Society conveyancing panel?
- How often will this firm be required to re-apply to remain on the Family Building Society conveyancing panel?
- Is there a cost to be reinstated onto the Family Building Society conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is turned down?
- Can we act for Family Building Society while the appeal 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 accepted?
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.