Removal from the Loughborough Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of Loughborough Building Society
- 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.
- 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.
- Your practice no longer meets the criteria to remain on the Loughborough Building Society conveyancing panel
- Failure to reapply to be on the Loughborough Building Society convincing panel
Frequently asked questions concerning Loughborough Building Society panel reinstatement
- Can this firm act for Loughborough Building Society while the appeal for reinstatement on the Loughborough Building Society panel is being processed? How do I know if our reinstatement application to the Loughborough Building Society panel is accepted?
- Is it the practice manager who is required to sign the reinstatement application to the Loughborough Building Society panel ?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Loughborough Building Society is declined?
- How do I discover why our application for reinstatement is rejected?
- How often will this firm be required to re-apply 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.