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
  • Your law firm no longer meets 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.
  • Missing deadline to reapply to be on the Ipswich Building Society convincing panel
  • Breaches of Ipswich Building Society conveyancing panel Terms and Conditions

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

  • Am I restricted as to the number of occasions my practice can apply to be reinstated on the Ipswich Building Society conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the Ipswich Building Society panel ?
  • Is the door firmly shut if my firm’s reinstatement panel application with Ipswich Building Society is refused?
  • Can this firm act for Ipswich Building Society while the appeal for reinstatement on the Ipswich Building Society panel is being processed? How do I know if our reinstatement application to the Ipswich Building Society panel is accepted?
  • Can we appeal if our application for reinstatement was turned down?

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.

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