Removal from the Loughborough Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security on behalf of Loughborough Building Society Delays or failure to register the Loughborough Building Society charge may result in referral to external lawyers of Loughborough Building Society to complete outstanding requirements.
- Loughborough 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.
- Your law firm no longer meets the criteria to remain on the Loughborough Building Society conveyancing panel
- Non-compliance with the Loughborough Building Society panel requirements, the written instructions that Loughborough Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Loughborough Building Society may subsequently adopt.
- Persistent delays in post completion requirements set by Loughborough Building Society
Common questions about Loughborough Building Society conveyancing panel reinstatement
- Am I restricted as to the number of occasions my firm can apply to get back on the Loughborough Building Society conveyancing panel?
- Please can you set out the application process to be reinstated onto the Loughborough Building Society conveyancing panel?
- Can we act for Loughborough Building Society while the application for reinstatement on the Loughborough Building Society panel is being reviewed? How do I find out if our reinstatement appeal to the Loughborough Building Society panel is approved?
- What will happen if our Loughborough Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Loughborough Building Society?
- Is there a charge to revert back onto the Loughborough Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Loughborough Building Society panel reinstatement is to ensure that your firm is not removed off of the Loughborough 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 Loughborough Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Loughborough 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 Loughborough Building Society conveyancing panel.