Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Penrith 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.
- Significant delays in registering security on behalf of Penrith Building Society Delays or failure to register the Penrith Building Society charge may result in referral to external lawyers of Penrith Building Society to complete outstanding requirements.
- Significant delays in post completion requirements on behalf of Penrith Building Society
- Non-compliance with the Penrith Building Society panel terms, the written instructions that Penrith Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Penrith Building Society may subsequently adopt.
- Your firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
Penrith Building Society panel reinstatement: Five Common Questions
- Who should complete the reinstatement application to the Penrith Building Society panel ?
- Can we act for Penrith Building Society while the appeal for reinstatement on the Penrith Building Society panel is being reviewed? How do I know if our reinstatement appeal to the Penrith Building Society panel is approved?
- Can you outline the application protocol to revert back onto the Penrith Building Society conveyancing panel?
- Is there a charge to be reinstated onto the Penrith Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Penrith Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Penrith Building Society panel reinstatement is to ensure that your firm is not removed off of the Penrith 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 Penrith Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Penrith 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 Penrith Building Society conveyancing panel.