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 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.
- Breaches of Family Building Society conveyancing panel requirements
- 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.
- 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.
- Failure to reapply to remain on the Family Building Society convincing panel
Questions Family Building Society panel reinstatement firms ask us
- What will happen if our Family Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Family Building Society?
- Is there a limit to the number of times my firm can apply to be reinstated on the Family Building Society conveyancing panel?
- Is there a fee to revert back onto the Family Building Society conveyancing panel?
- Are you able to explain why our application for reinstatement was refused?
- 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 find out if our reinstatement appeal to the Family Building Society panel is approved?
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.