Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Furness Building Society conveyancing panel
- Breaches of Furness Building Society conveyancing panel Terms and Conditions
- Significant delays in post completion requirements set by Furness Building Society
- Non-compliance 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 subscribe.
- 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.
How can we assist? Furness Building Society panel reinstatement questions
- Is there a limit to the number of occasions my practice can apply to be reinstated on the Furness Building Society conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Furness Building Society conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Furness Building Society is turned down?
- Is it the practice manager who is required to sign the reinstatement application to the Furness Building Society panel ?
- What happens if our Furness Building Society panel reinstatement application is refused and our client has a mortgage offer with the Furness Building Society?
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.