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 fails to meet the criteria to remain on the Holmesdale Building Society conveyancing panel
- Significant delays in post completion requirements set by Holmesdale Building Society
- Failure to act in accordance with the Holmesdale Building Society panel terms, the written instructions that Holmesdale Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Holmesdale Building Society may subsequently adopt.
- 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.
Top questions concerning Holmesdale Building Society panel reinstatement
- Are you able to explain why this practice’s application for reinstatement is declined?
- Does the COLP in my firm need to complete the reinstatement application to the Holmesdale Building Society panel ?
- What are our options if our reinstatement panel submission with Holmesdale Building Society is rejected?
- What are the next steps open to me if our Holmesdale Building Society panel reinstatement application is turned down and our client has a mortgage offer with the Holmesdale Building Society?
- Is there a limit to the number of times my practice can submit applications to be reinstated on the Holmesdale Building Society conveyancing 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 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 Holmesdale Building Society conveyancing panel.