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

  • Missing deadline to reapply to be on the Loughborough Building Society convincing panel
  • 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.
  • Recurring non-compliance with post completion requirements on behalf of Loughborough Building Society
  • 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.
  • Failure to act in accordance 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 subscribe.

FAQs : Loughborough Building Society Conveyancing panel reinstatement

  • Does my practice need to apply annually to remain on the Loughborough Building Society conveyancing panel?
  • How do I discover why my firm’s application for reinstatement is rejected?
  • Is the door firmly shut if my firm’s reinstatement panel application with Loughborough Building Society is turned down?
  • What are the consequences if our Loughborough Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Loughborough Building Society?
  • What times frames are involved when applying 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.

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