Removal from the Family Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- 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.
- Significant delays in post completion requirements on behalf of Family Building Society
- Breaches of Family Building Society conveyancing panel requirements
- Failure to reapply to remain on the Family Building Society convincing panel
Answers to Frequently asked questions concerning Family Building Society panel reinstatement
- What are our options if my firm’s reinstatement panel submission with Family Building Society is declined?
- Is there a charge to be reinstated onto 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?
- Am I restricted as to the number of times my practice can submit applications to get back on the Family Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Family Building Society 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.