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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant non-compliance with post completion requirements set by Penrith Building Society
- Breaches of Penrith Building Society conveyancing panel Terms and Conditions
- Your practice fails to meet the criteria to remain on the Penrith Building Society conveyancing panel
- Persistent 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.
Penrith Building Society Conveyancing Panel Reinstatement: Common Questions
- Am I restricted as to the number of occasions my practice can apply 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 find out if our reinstatement appeal to the Penrith Building Society panel is approved?
- How do I discover why our application for reinstatement is declined?
- What times frames are involved when applying to revert back onto the Penrith Building Society conveyancing panel?
- Do any avenues remain open if our reinstatement panel application with Penrith Building Society is turned down?
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.