Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
- Failure to act in accordance 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 adopt.
- Missing deadline to reapply to be on the Penrith Building Society convincing panel
- Breaches of Penrith Building Society conveyancing panel Terms and Conditions
- Significant delays in post completion requirements on behalf of Penrith Building Society
Questions Penrith Building Society panel reinstatement firms ask us
- Is there a fee to revert back onto the Penrith Building Society conveyancing panel?
- What are our options if my firm’s reinstatement panel submission with Penrith Building Society is turned down?
- Are you able to explain why this practice’s application for reinstatement is rejected?
- Please can you set out the application process to be reinstated onto the Penrith Building Society conveyancing panel?
- Who should sign the reinstatement application to the Penrith Building Society 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 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.