Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Furness Building Society conveyancing panel requirements
- 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.
- Significant delays in registering a charge 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.
- Your practice fails to meet the criteria to remain on the Furness Building Society conveyancing panel
- Missing deadline to reapply to be on the Furness Building Society convincing panel
Furness Building Society panel reinstatement : You have questions, we have answers
- How often will this firm be required to re-apply to remain on the Furness Building Society conveyancing panel?
- How do I discover why our application for reinstatement was turned down?
- Am I restricted as to the number of occasions my firm can apply to get back on the Furness Building Society conveyancing panel?
- Can we act for Furness Building Society while the appeal for reinstatement on the Furness Building Society panel is being reviewed? How do I discover if our reinstatement application to the Furness Building Society panel is approved?
- What are the next steps open to me if our Furness Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Furness Building Society?
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 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 Furness Building Society conveyancing panel.