Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Penrith Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Your law firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
- Persistent 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.
- Breaches of Penrith Building Society conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements set by Penrith Building Society
FAQs : Penrith Building Society Conveyancing panel reinstatement
- Are you able to explain why this practice’s application for reinstatement is turned down?
- Does my practice need to apply annually to remain on the Penrith Building Society conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Penrith Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Penrith Building Society panel ?
- Am I restricted as to the amount of occasions my firm can submit applications to get back 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 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.