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

  • Missing deadline to reapply to be on the Marsden Building Society convincing panel
  • Failure to act in accordance with the Marsden Building Society panel requirements, the written instructions that Marsden Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Marsden Building Society may subsequently adopt.
  • Persistent delays in registering security on behalf of Marsden Building Society Delays or failure to register the Marsden Building Society charge may result in referral to external lawyers of Marsden Building Society to complete outstanding requirements.
  • Your firm fails to meet the criteria to remain on the Marsden Building Society conveyancing panel
  • Marsden 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.

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

  • What will happen if our Marsden Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Marsden Building Society?
  • How long does the application process take when applying to revert back onto the Marsden Building Society conveyancing panel?
  • Is the door firmly shut if my firm’s reinstatement panel submission with Marsden Building Society is declined?
  • What is the application process to be reinstated onto the Marsden Building Society conveyancing panel?
  • Does my practice need to apply annually to remain 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.

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