Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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 adopt.
- Significant delays in post completion requirements on behalf of Family Building Society
- Your practice fails to meet the criteria to remain on the Family Building Society conveyancing panel
- 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 panel reinstatement : questions that we get asked
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Family Building Society is refused?
- What times frames are involved when applying to revert back onto the Family Building Society conveyancing panel?
- Can we act for Family Building Society while the application for reinstatement on the Family Building Society panel is being progressed? How do I discover if our reinstatement application to the Family Building Society panel is approved?
- Is it the practice manager who is required to sign the reinstatement application to the Family Building Society panel ?
- Is there a charge 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 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.