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.
- Failure to reapply to be on the Family Building Society convincing panel
- Breaches of Family Building Society conveyancing panel Terms and Conditions
- Persistent delays in registering a charge 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 practice fails to meet the criteria to remain on the Family Building Society conveyancing panel
Top questions concerning Family Building Society panel reinstatement
- Can you outline the application process to be reinstated onto the Family Building Society conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Family Building Society is declined?
- Is there a cost to be reinstated onto the Family Building Society conveyancing panel?
- Can this firm 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?
- What times frames are involved when applying 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.