Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Penrith Building Society panel requirements, 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 subscribe.
- Breaches of Penrith Building Society conveyancing panel Terms and Conditions
- Significant non-compliance with post completion requirements set by Penrith Building Society
- Persistent delays in registering a charge 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.
- Failure to reapply to be on the Penrith Building Society convincing panel
Frequently asked questions concerning Penrith Building Society panel reinstatement
- Does the COLP in my firm need to sign the reinstatement application to the Penrith Building Society panel ?
- Can you outline the application protocol to revert back onto the Penrith Building Society conveyancing panel?
- What times frames are involved when applying to revert back onto the Penrith Building Society conveyancing panel?
- Can we act for Penrith Building Society while the application for reinstatement on the Penrith Building Society panel is being assessed? How do I know if our reinstatement appeal to the Penrith Building Society panel is approved?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Penrith Building Society is refused?
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 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 Penrith Building Society conveyancing panel.