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

  • Breaches of Penrith Building Society conveyancing panel Terms and Conditions
  • Significant 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.
  • Your firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
  • Failure to act in accordance 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.
  • Missing deadline to reapply to be on the Penrith Building Society convincing panel

Penrith Building Society Conveyancing Panel Reinstatement: Common Questions

  • Is there a limit to the number of times my practice can apply to get back on the Penrith Building Society conveyancing panel?
  • How long does the application process take when applying to be reinstated onto the Penrith Building Society conveyancing panel?
  • Is it possible to find out my firm’s application for reinstatement was refused?
  • Can we act for Penrith Building Society while the appeal 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?
  • What are the next steps open to me if our Penrith Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Penrith Building Society?

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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