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
- 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.
- Non-compliance 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 subscribe.
- Failure to reapply to be on the Penrith Building Society convincing panel
- Breaches of Penrith Building Society conveyancing panel Terms and Conditions
Penrith Building Society panel reinstatement: Five Common Questions
- Is it the practice manager who is required to sign the reinstatement application to the Penrith Building Society panel ?
- Does my practice need to apply annually to remain on the Penrith Building Society conveyancing panel?
- Am I restricted as to the number of occasions my practice can submit applications to be reinstated on the Penrith Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Penrith Building Society conveyancing panel?
- Can this firm act for Penrith Building Society while the application for reinstatement on the Penrith Building Society panel is being reviewed? How do I find out if our reinstatement application to the Penrith Building Society panel is approved?
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.