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 Terms and Conditions
- 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.
- Significant delays in post completion requirements on behalf of Furness Building Society
- Failure to act in accordance with the Furness Building Society panel requirements, 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.
Questions Furness Building Society panel reinstatement firms ask us
- What happens if our Furness Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Furness Building Society?
- How often will this firm be required to re-apply to be reinstated on the Furness Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Furness Building Society panel ?
- Is there a cost to be reinstated onto the Furness Building Society conveyancing panel?
- What is the application protocol 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 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.