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

  • Persistent delays in registering a charge 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.
  • 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 subscribe.
  • Your firm fails to meet the criteria to remain on the Loughborough Building Society conveyancing panel
  • Failure to reapply to be on the Loughborough Building Society convincing panel
  • 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.

Loughborough Building Society panel reinstatement : You have questions, we have answers

  • 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?
  • Can we act for Loughborough Building Society while the application for reinstatement on the Loughborough Building Society panel is being progressed? How do I know if our reinstatement appeal to the Loughborough Building Society panel is accepted?
  • 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?
  • Do any avenues remain open if my firm’s reinstatement panel application with Loughborough Building Society is refused?
  • How long does the application process take 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 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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