Removal from the Mansfield Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Your firm no longer meets the criteria to remain on the Mansfield Building Society conveyancing panel
- Breaches of Mansfield Building Society conveyancing panel requirements
- Mansfield 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.
- Non-compliance with the Mansfield Building Society panel requirements, the written instructions that Mansfield Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Mansfield Building Society may subsequently subscribe.
Mansfield Building Society Conveyancing Panel Reinstatement: Common Questions
- Is the door firmly shut if my firm’s reinstatement panel submission with Mansfield Building Society is declined?
- What are the consequences if our Mansfield Building Society panel reinstatement application is turned down and our client has a mortgage application with the Mansfield Building Society?
- Is there a cost to be reinstated onto the Mansfield Building Society conveyancing panel?
- Are you able to explain why our application for reinstatement is turned down?
- Does my practice need to apply annually to remain 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.