Ipswich Building Society panel reinstatement guidance - Here to assist

Consider the the following reasons firms require reinstatement onto the Ipswich Building Society conveyancing panel

  1. 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.
  2. Significant delays in post completion requirements on behalf of Ipswich Building Society
  3. Your law firm fails to meet the criteria to remain on the Ipswich Building Society conveyancing panel
  4. 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.
  5. 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 subscribe.

Ipswich Building Society panel reinstatement: Five Common Questions

  1. Is there a limit to the number of occasions my law firm can apply to be reinstated on the Ipswich Building Society conveyancing panel?
  2. Is it possible to find out this practice’s application for reinstatement was rejected?
  3. Does my practice need to apply annually to remain on the Ipswich Building Society conveyancing panel?
  4. Can we act for Ipswich Building Society while the application for reinstatement on the Ipswich Building Society panel is being progressed? How do I discover if our reinstatement application to the Ipswich Building Society panel is accepted?
  5. To what extent is my firm permanently excluded if our reinstatement panel application with Ipswich Building Society is 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.