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

  • Your firm fails to meet the criteria to remain on the Penrith Building Society conveyancing panel
  • Failure to reapply to remain on the Penrith Building Society convincing 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.
  • Failure to act in accordance with the Penrith Building Society panel terms, the written instructions that Penrith Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Penrith Building Society may subsequently adopt.
  • Breaches of Penrith Building Society conveyancing panel Terms and Conditions

How can we assist? Penrith Building Society panel reinstatement questions

  • How often will this firm be required to re-apply to remain on the Penrith Building Society conveyancing panel?
  • What happens if our Penrith Building Society panel reinstatement application is declined and our client has a mortgage offer with the Penrith Building Society?
  • Are you able to explain why our application for reinstatement is turned down?
  • Am I restricted as to the number of times my firm can apply to get back on the Penrith Building Society conveyancing panel?
  • Can you outline the application procedures to revert back 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 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.

Related Pages