Removal from the Ipswich Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Ipswich Building Society conveyancing panel
- Breaches of Ipswich Building Society conveyancing panel requirements
- 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.
- Persistent delays in post completion requirements on behalf of 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.
Questions Ipswich Building Society panel reinstatement firms ask us
- What is the application process to be reinstated onto the Ipswich Building Society conveyancing panel?
- Can this firm act for Ipswich Building Society while the application for reinstatement on the Ipswich Building Society panel is being reviewed? How do I discover if our reinstatement application to the Ipswich Building Society panel is approved?
- Is there a charge to revert back onto the Ipswich Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Ipswich Building Society panel ?
- Is the door firmly shut if our reinstatement panel submission with Ipswich Building Society is declined?
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 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 Ipswich Building Society conveyancing panel.