Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent delays in post completion requirements on behalf of Penrith Building Society
- 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.
- Missing deadline to reapply to be on the Penrith Building Society convincing panel
- Recurring 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.
- Breaches of Penrith Building Society conveyancing panel requirements
Penrith Building Society Conveyancing Panel Reinstatement: Common Questions
- How long does the application process take when applying to revert back onto the Penrith Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Penrith Building Society panel ?
- Is it possible to find out this practice’s application for reinstatement was rejected?
- Is there a fee to be reinstated onto the Penrith Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on 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.