Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Furness Building Society panel requirements, the written instructions that Furness Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Furness Building Society may subsequently adopt.
- Missing deadline to reapply to remain on the Furness Building Society convincing panel
- Recurring 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.
- Breaches of Furness Building Society conveyancing panel Terms and Conditions
- Your practice no longer meets the criteria to remain on the Furness Building Society conveyancing panel
Top questions concerning Furness Building Society panel reinstatement
- Is there a limit to the amount of times my law firm can apply to be reinstated on the Furness Building Society conveyancing panel?
- What are the next steps open to me if our Furness Building Society panel reinstatement application is refused and our client has a mortgage application with the Furness Building Society?
- What are our options if my firm’s reinstatement panel application with Furness Building Society is rejected?
- Is it possible to find out this practice’s application for reinstatement was refused?
- What times frames are involved when applying to be reinstated onto the Furness Building Society conveyancing panel?
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.