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

  • Recurring non-compliance with post completion requirements on behalf of Loughborough Building Society
  • Your firm no longer meets the criteria to remain on the Loughborough Building Society conveyancing panel
  • 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.
  • Breaches of Loughborough Building Society conveyancing panel Terms and Conditions
  • Failure to act in accordance 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 subscribe.

Common questions about Loughborough Building Society conveyancing panel reinstatement

  • Are you able to explain why this practice’s application for reinstatement is refused?
  • 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 accepted?
  • Is there a limit to the number of times my practice can submit applications to get back on the Loughborough Building Society conveyancing panel?
  • What times frames are involved when applying to revert back onto the Loughborough Building Society conveyancing panel?
  • Does my practice need to apply annually to be reinstated on 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 appointed 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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