Has your firm been removed from the Penrith Building Society conveyancing panel?

Was your firm been taken off the Penrith Building Society conveyancing panel for any of the following reasons?

  1. Breaches of Penrith Building Society conveyancing panel requirements
  2. 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.
  3. Your firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
  4. Non-compliance with the Penrith Building Society panel requirements, the written instructions that Penrith Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Penrith Building Society may subsequently subscribe.
  5. Failure to reapply to remain on the Penrith Building Society convincing panel

Questions Penrith Building Society panel reinstatement firms ask us

  1. Do any avenues remain open if my firm’s reinstatement panel application with Penrith Building Society is refused?
  2. Does the COLP in my firm need to complete the reinstatement application to the Penrith Building Society panel ?
  3. Does my practice need to apply annually to be reinstated on the Penrith Building Society conveyancing panel?
  4. 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 application to the Penrith Building Society panel is accepted?
  5. What times frames are involved when applying to revert back onto 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 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.