Removal from the Monmouthshire Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Monmouthshire Building Society panel terms, the written instructions that Monmouthshire Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Monmouthshire Building Society may subsequently adopt.
- Persistent delays in post completion requirements set by Monmouthshire Building Society
- Missing deadline to reapply to remain on the Monmouthshire Building Society convincing panel
- Your firm no longer meets the criteria to remain on the Monmouthshire Building Society conveyancing panel
- Monmouthshire 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.
Frequently asked questions concerning Monmouthshire Building Society panel reinstatement
- Is there a fee to be reinstated onto the Monmouthshire Building Society conveyancing panel?
- Can you outline the application process to be reinstated onto the Monmouthshire Building Society conveyancing panel?
- Can we act for Monmouthshire Building Society while the application for reinstatement on the Monmouthshire Building Society panel is being assessed? How do I know if our reinstatement application to the Monmouthshire Building Society panel is accepted?
- Do any avenues remain open if my firm’s reinstatement panel application with Monmouthshire Building Society is refused?
- Is there a limit to the amount of occasions my practice can submit applications to be reinstated on 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 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 Monmouthshire Building Society conveyancing panel.