Removal from the Mansfield Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Mansfield Building Society convincing panel
- Failure to act in accordance with the Mansfield Building Society panel requirements, the written instructions that Mansfield Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mansfield Building Society may subsequently adopt.
- Persistent non-compliance with post completion requirements set by Mansfield Building Society
- Significant delays in registering security on behalf of Mansfield Building Society Delays or failure to register the Mansfield Building Society charge may result in referral to external lawyers of Mansfield Building Society to complete outstanding requirements.
- Mansfield 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.
Frequently asked questions concerning Mansfield Building Society panel reinstatement
- What are the next steps open to me if our Mansfield Building Society panel reinstatement application is declined and our client has a mortgage application with the Mansfield Building Society?
- Can we appeal if my firm’s application for reinstatement is declined?
- How often will this firm be required to re-apply to be reinstated on the Mansfield Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Mansfield Building Society conveyancing panel?
- Is there a limit to the number of occasions my firm can apply to be reinstated on the Mansfield Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Mansfield Building Society panel reinstatement is to ensure that your firm is not removed off of the Mansfield 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 Mansfield Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Mansfield 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 Mansfield Building Society conveyancing panel.