Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Furness Building Society convincing panel
- 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.
- Furness Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Failure to act in accordance with the Furness Building Society panel terms, 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.
- Your law firm no longer meets the criteria to remain on the Furness Building Society conveyancing panel
Common queries about Furness Building Society conveyancing panel reinstatement
- Do any avenues remain open if our reinstatement panel application with Furness Building Society is turned down?
- Is there a charge to be reinstated onto the Furness Building Society conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was refused?
- What are the next steps open to me if our Furness Building Society panel reinstatement application is refused and the client of the firm has a mortgage offer with the Furness Building Society?
- Who should sign the reinstatement application to the Furness Building Society 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.