Removal from the Ipswich Building Society and other lender panels: Why they do it and how to get reinstated

  • Breaches of Ipswich Building Society conveyancing panel Terms and Conditions
  • Failure to act in accordance 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.
  • 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 provides false answers in its application form or in relation to any future requests for information.
  • Recurring delays in registering security 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.

Ipswich Building Society panel reinstatement : You have questions, we have answers

  • What will happen if our Ipswich Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Ipswich Building Society?
  • Is there a charge to revert back onto the Ipswich Building Society conveyancing panel?
  • Can you outline the application process to be reinstated onto the Ipswich Building Society conveyancing panel?
  • To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Ipswich Building Society is turned down?
  • How long does the application process take when applying to be reinstated 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.

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