Removal from the Ipswich Building Society and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements on behalf of Ipswich Building Society
- Your practice fails to meet the criteria to remain on the Ipswich Building Society conveyancing panel
- Ipswich 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.
- Breaches of Ipswich Building Society conveyancing panel Terms and Conditions
- Failure to reapply to be on the Ipswich Building Society convincing panel
Answers to Frequently asked questions concerning Ipswich Building Society panel reinstatement
- Can this firm act for Ipswich Building Society while the appeal for reinstatement on the Ipswich Building Society panel is being assessed? How do I know if our reinstatement appeal to the Ipswich Building Society panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Ipswich Building Society panel ?
- What are the next steps open to me if our Ipswich Building Society panel reinstatement application is refused and the client of the firm has a mortgage offer with the Ipswich Building Society?
- How often will this firm be required to re-apply to be reinstated on the Ipswich Building Society conveyancing panel?
- Are you able to explain why our application for reinstatement 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 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.