Removal from the Ipswich Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Ipswich Building Society
- Non-compliance with the Ipswich Building Society panel terms, the written instructions that Ipswich Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Ipswich Building Society may subsequently adopt.
- Ipswich Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Breaches of Ipswich Building Society conveyancing panel requirements
- Persistent delays in registering a charge on behalf of Ipswich Building Society Delays or failure to register the Ipswich Building Society charge may result in referral to external lawyers of Ipswich Building Society to complete outstanding requirements.
Top questions concerning Ipswich Building Society panel reinstatement
- Please can you set out the application procedures to be reinstated onto the Ipswich Building Society conveyancing panel?
- Is there a limit to the number of occasions my firm can submit applications to get back on the Ipswich Building Society conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is refused?
- Can this firm act for Ipswich Building Society while the application for reinstatement on the Ipswich Building Society panel is being assessed? How do I find out if our reinstatement application to the Ipswich Building Society panel is approved?
- What times frames are involved when applying to revert back onto the Ipswich Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Ipswich Building Society panel reinstatement is to ensure that your firm is not removed off of the Ipswich 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 Ipswich Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Ipswich 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 Ipswich Building Society conveyancing panel.