Removal from the Loughborough Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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 provides false answers in its application form or in relation to any future requests for information.
- Significant delays in post completion requirements set by Loughborough Building Society
- Missing deadline to reapply to remain on the Loughborough Building Society convincing panel
- Non-compliance with the Loughborough Building Society panel terms, 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.
How can we assist? Loughborough Building Society panel reinstatement questions
- Can we act for Loughborough Building Society while the appeal for reinstatement on the Loughborough Building Society panel is being processed? How do I discover if our reinstatement application to the Loughborough Building Society panel is approved?
- Does my practice need to apply annually to remain on the Loughborough Building Society conveyancing panel?
- What will happen 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?
- Is it the practice manager who is required to complete the reinstatement application to the Loughborough Building Society panel ?
- 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.