Removal from the Furness Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Failure to reapply to be on the Furness Building Society convincing panel
- Your practice no longer meets the criteria to remain on the Furness Building Society conveyancing panel
- 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.
Furness Building Society panel reinstatement: Five Common Questions
- Can you outline the application protocol to be reinstated onto the Furness Building Society conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement was refused?
- Does my practice need to apply annually to be reinstated on the Furness Building Society conveyancing panel?
- What times frames are involved when applying to revert back onto the Furness Building Society conveyancing panel?
- Is it the practice manager who is required to complete 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.