Can you assist? - How does my practice get reinstated on the Monmouthshire Building Society panel?

Top reasons firms are removed from the Monmouthshire Building Society conveyancing panel

  1. Your law firm no longer meets the criteria to remain on the Monmouthshire Building Society conveyancing panel
  2. Non-compliance with the Monmouthshire Building Society panel requirements, the written instructions that Monmouthshire Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Monmouthshire Building Society may subsequently adopt.
  3. Significant non-compliance with post completion requirements on behalf of Monmouthshire Building Society
  4. Monmouthshire 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.
  5. Breaches of Monmouthshire Building Society conveyancing panel requirements

Frequently asked questions concerning Monmouthshire Building Society panel reinstatement

  1. Am I restricted as to the amount of times my firm can apply to be reinstated on the Monmouthshire Building Society conveyancing panel?
  2. Can we act for Monmouthshire Building Society while the appeal for reinstatement on the Monmouthshire Building Society panel is being progressed? How do I know if our reinstatement application to the Monmouthshire Building Society panel is approved?
  3. Does my practice need to apply annually to be reinstated on the Monmouthshire Building Society conveyancing panel?
  4. Is it possible to find out this practice’s application for reinstatement was rejected?
  5. Is there a cost to revert back onto the Monmouthshire Building Society conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Monmouthshire Building Society panel reinstatement is to ensure that your firm is not removed off of the Monmouthshire 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 Monmouthshire Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Monmouthshire 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 Monmouthshire Building Society conveyancing panel.