Removal from the Holmesdale Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Holmesdale Building Society conveyancing panel requirements
- Failure to act in accordance with the Holmesdale Building Society panel requirements, 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.
- Persistent delays in registering security 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.
- Persistent non-compliance with post completion requirements set by Holmesdale Building Society
- 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.
Top questions concerning Holmesdale Building Society panel reinstatement
- Do any avenues remain open if my firm’s reinstatement panel application with Holmesdale Building Society is refused?
- Are you able to explain why my firm’s application for reinstatement is turned down?
- Does the COLP in my firm need to sign the reinstatement application to the Holmesdale Building Society panel ?
- What are the consequences if our Holmesdale Building Society panel reinstatement application is refused and our client has a mortgage offer with the Holmesdale Building Society?
- Is there a charge to revert back onto 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 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.