Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated

  • Your practice fails to meet 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 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.
  • Missing deadline 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

  • Are you able to explain why our application for reinstatement was turned down?
  • Who should sign the reinstatement application to the Penrith Building Society panel ?
  • What are our options if my firm’s reinstatement panel submission with Penrith Building Society is declined?
  • Can we act for Penrith Building Society while the application for reinstatement on the Penrith Building Society panel is being processed? How do I find out if our reinstatement appeal to the Penrith Building Society panel is approved?
  • 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 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.

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