Removal from the Marsden Building Society and other lender panels: Why they do it and how to get reinstated
- 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 terms, 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 adopt.
- Breaches of Marsden Building Society conveyancing panel Terms and Conditions
- Missing deadline to reapply to remain on the Marsden Building Society convincing panel
- Significant 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.
Common questions about Marsden Building Society conveyancing panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Marsden Building Society is declined?
- 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 application to the Marsden Building Society panel is approved?
- Am I restricted as to the amount of times my firm can apply to be reinstated on the Marsden Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Marsden Building Society conveyancing panel?
- What happens if our Marsden Building Society panel reinstatement application is turned down and our client has a mortgage application with the Marsden Building Society?
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.