Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Furness Building Society conveyancing panel
- Non-compliance with the Furness Building Society panel terms, the written instructions that Furness Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Furness Building Society may subsequently adopt.
- Recurring delays in post completion requirements set by Furness Building Society
- Missing deadline to reapply to be on the Furness Building Society convincing panel
- 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.
Answers to Frequently asked questions concerning Furness Building Society panel reinstatement
- What happens if our Furness Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Furness Building Society?
- How long does the application process take when applying to revert back onto the Furness Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Furness Building Society conveyancing panel?
- Please can you set out the application procedures to be reinstated onto the Furness Building Society conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Furness Building Society is turned down?
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.