Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Your practice fails to meet 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 subscribe.
- Failure to reapply to be on the Furness Building Society convincing panel
- Persistent delays in post completion requirements on behalf of Furness Building Society
Furness Building Society panel reinstatement : You have questions, we have answers
- What will happen 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?
- Does the COLP in my firm need to sign the reinstatement application to the Furness Building Society panel ?
- Does my practice need to apply annually to remain on the Furness Building Society conveyancing panel?
- Can we appeal if our application for reinstatement was turned down?
- What are our options if my firm’s reinstatement panel submission with Furness Building Society is refused?
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.