Removal from the Loughborough Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Persistent non-compliance with post completion requirements on behalf of Loughborough Building Society
- Breaches of Loughborough Building Society conveyancing panel Terms and Conditions
- 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.
- Missing deadline to reapply to be on the Loughborough Building Society convincing panel
How can we assist? Loughborough Building Society panel reinstatement questions
- Can we appeal if this practice’s application for reinstatement is rejected?
- Is there a cost to revert back onto the Loughborough Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on 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 assessed? How do I find out if our reinstatement appeal to the Loughborough Building Society panel is accepted?
- What happens 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?
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.