Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Penrith Building Society conveyancing 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.
- Significant delays in post completion requirements on behalf of Penrith Building Society
- Breaches of Penrith Building Society conveyancing panel requirements
- Recurring 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.
Answers to Frequently asked questions concerning Penrith Building Society panel reinstatement
- Does my practice need to apply annually to be reinstated on the Penrith Building Society conveyancing panel?
- Can this firm act for Penrith Building Society while the appeal for reinstatement on the Penrith Building Society panel is being progressed? How do I discover if our reinstatement application to the Penrith Building Society panel is approved?
- What are the next steps open to me if our Penrith Building Society panel reinstatement application is declined and our client has a mortgage application with the Penrith Building Society?
- What is the application protocol to revert back onto the Penrith Building Society conveyancing panel?
- Am I restricted as to the number of times 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.