Help! - How does my practice get reinstated on the Loughborough Building Society panel?

Removal from the Loughborough Building Society and other lender panels: The causes of expulsion and how to get reinstated

  1. Your firm fails to meet the criteria to remain on the Loughborough Building Society conveyancing panel
  2. Significant 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.
  3. Failure to reapply to remain on the Loughborough Building Society convincing panel
  4. Non-compliance with the Loughborough Building Society panel terms, the written instructions that Loughborough Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Loughborough Building Society may subsequently adopt.
  5. 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.

Loughborough Building Society panel reinstatement: Five Common Questions

  1. How often will this firm be required to re-apply to remain on the Loughborough Building Society conveyancing panel?
  2. Is there a limit to the number of times my law firm can submit applications to get back on the Loughborough Building Society conveyancing panel?
  3. To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Loughborough Building Society is turned down?
  4. Is it the practice manager who is required to complete the reinstatement application to the Loughborough Building Society panel ?
  5. What are the consequences if our Loughborough Building Society panel reinstatement application is declined and our client has a mortgage application with the Loughborough Building Society?

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.