Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Family Building Society conveyancing panel Terms and Conditions
- Non-compliance 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 adopt.
- 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 firm fails to meet the criteria to remain on the Family Building Society conveyancing panel
- Persistent non-compliance with post completion requirements set by Family Building Society
Frequently asked questions concerning Family Building Society panel reinstatement
- What are the consequences if our Family Building Society panel reinstatement application is rejected and our client has a mortgage application with the Family Building Society?
- Can we 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 accepted?
- What is the application procedures to be reinstated onto the Family Building Society conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Family Building Society conveyancing panel?
- Is there a cost to revert back onto 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.