Removal from the Holmesdale Building Society and other lender panels: Why they do it and how to get reinstated
- Holmesdale 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.
- Your law firm no longer meets the criteria to remain on the Holmesdale Building Society conveyancing panel
- Non-compliance with the Holmesdale Building Society panel requirements, the written instructions that Holmesdale Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Holmesdale Building Society may subsequently subscribe.
- Significant delays in registering a charge on behalf of Holmesdale Building Society Delays or failure to register the Holmesdale Building Society charge may result in referral to external lawyers of Holmesdale Building Society to complete outstanding requirements.
- Missing deadline to reapply to remain on the Holmesdale Building Society convincing panel
Holmesdale Building Society panel reinstatement: Five Common Questions
- Is there a fee to revert back onto the Holmesdale Building Society conveyancing panel?
- Can we act for Holmesdale Building Society while the appeal for reinstatement on the Holmesdale Building Society panel is being assessed? How do I know if our reinstatement appeal to the Holmesdale Building Society panel is approved?
- Does my practice need to apply annually to be reinstated on the Holmesdale Building Society conveyancing panel?
- What times frames are involved when applying to revert back onto the Holmesdale Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Holmesdale Building Society panel ?
Top Tip: The best way to avoid the hassle of seeking Holmesdale Building Society panel reinstatement is to ensure that your firm is not removed off of the Holmesdale 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 Holmesdale Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Holmesdale 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 Holmesdale Building Society conveyancing panel.