Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to be on the Penrith Building Society convincing panel
  • Recurring 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.
  • Your law firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
  • 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.
  • Breaches of Penrith Building Society conveyancing panel requirements

Answers to Frequently asked questions concerning Penrith Building Society panel reinstatement

  • Does the COLP in my firm need to complete the reinstatement application to the Penrith Building Society panel ?
  • What are the next steps open to me if our Penrith Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Penrith Building Society?
  • Does my practice need to apply annually to remain on the Penrith Building Society conveyancing panel?
  • Can we act for Penrith Building Society while the appeal for reinstatement on the Penrith Building Society panel is being progressed? How do I know if our reinstatement application to the Penrith Building Society panel is approved?
  • 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.

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