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
- 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.
- 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.
- 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 law firm fails to meet the criteria to remain on the Furness Building Society conveyancing panel
Furness Building Society panel reinstatement : You have questions, we have answers
- Is there a limit to the number of times my practice can apply to be reinstated on the Furness Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Furness Building Society panel ?
- Do any avenues remain open if my firm’s reinstatement panel application with Furness Building Society is refused?
- What happens if our Furness Building Society panel reinstatement application is declined and our client has a mortgage offer with the Furness Building Society?
- Are you able to explain why our application for reinstatement was declined?
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.