Removal from the Ipswich Building Society and other lender panels: Why they do it and how to get reinstated
- 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 subscribe.
- Your firm no longer meets the criteria to remain on the Ipswich Building Society conveyancing panel
- Missing deadline to reapply to remain on the Ipswich Building Society convincing panel
- Recurring non-compliance with post completion requirements on behalf of Ipswich Building Society
- 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.
Ipswich Building Society panel reinstatement : You have questions, we have answers
- Do any avenues remain open if my firm’s reinstatement panel submission with Ipswich Building Society is refused?
- Am I restricted as to the number of times my firm can submit applications to be reinstated on the Ipswich Building Society conveyancing panel?
- What times frames are involved when applying to revert back onto the Ipswich Building Society conveyancing panel?
- Is there a fee to be reinstated onto the Ipswich Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Ipswich Building Society 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.