Removal from the Marsden Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Marsden Building Society conveyancing panel Terms and Conditions
- Missing deadline to reapply to remain on the Marsden Building Society convincing panel
- Persistent non-compliance with post completion requirements set by Marsden Building Society
- Marsden 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.
- Non-compliance with the Marsden Building Society panel requirements, the written instructions that Marsden Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Marsden Building Society may subsequently subscribe.
Marsden Building Society panel reinstatement: Five Common Questions
- Can we act for Marsden Building Society while the appeal for reinstatement on the Marsden Building Society panel is being assessed? How do I know if our reinstatement appeal to the Marsden Building Society panel is approved?
- Does the COLP in my firm need to complete the reinstatement application to the Marsden Building Society panel ?
- What times frames are involved when applying to revert back onto the Marsden Building Society conveyancing panel?
- What will happen if our Marsden Building Society panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Marsden Building Society?
- Is there a limit to the number of times my firm can apply to get back on the Marsden Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Marsden Building Society panel reinstatement is to ensure that your firm is not removed off of the Marsden 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 Marsden Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Marsden 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 Marsden Building Society conveyancing panel.