Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- 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.
- Recurring non-compliance with post completion requirements set by Penrith Building Society
- Your practice no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
- Failure to reapply to remain on the Penrith Building Society convincing panel
FAQs : Penrith Building Society Conveyancing panel reinstatement
- What times frames are involved when applying to be reinstated onto the Penrith Building Society conveyancing panel?
- What will happen if our Penrith Building Society panel reinstatement application is refused and our client has a mortgage application with the Penrith Building Society?
- Is there a limit to the number of occasions my law firm can submit applications to get back on the Penrith Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Penrith Building Society conveyancing panel?
- Can we appeal if our application for reinstatement is rejected?
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.