Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Furness 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.
- Your firm no longer meets the criteria to remain on the Furness Building Society conveyancing panel
- Significant delays in post completion requirements on behalf of Furness Building Society
- Persistent delays in registering security on behalf of Furness Building Society Delays or failure to register the Furness Building Society charge may result in referral to external lawyers of Furness Building Society to complete outstanding requirements.
- Breaches of Furness Building Society conveyancing panel requirements
Common questions about Furness Building Society conveyancing panel reinstatement
- How often will this firm be required to re-apply to remain on the Furness Building Society conveyancing panel?
- Is there a fee to be reinstated onto the Furness Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Furness Building Society panel ?
- How do I discover why my firm’s application for reinstatement is turned down?
- Can this firm act for Furness Building Society while the appeal for reinstatement on the Furness Building Society panel is being processed? How do I know if our reinstatement application to the Furness Building Society panel is accepted?
Top Tip: The best way to avoid the hassle of seeking Furness Building Society panel reinstatement is to ensure that your firm is not removed off of the Furness 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 Furness Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Furness 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 Furness Building Society conveyancing panel.