Removal from the Penrith Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Penrith Building Society convincing panel
- Non-compliance with the Penrith Building Society panel requirements, 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.
- Your law firm no longer meets the criteria to remain on the Penrith Building Society conveyancing panel
- 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.
- Persistent delays in post completion requirements set by Penrith Building Society
Penrith Building Society panel reinstatement : You have questions, we have answers
- Is there a limit to the number of occasions my firm can submit applications to get back on the Penrith Building Society conveyancing panel?
- Do any avenues remain open if my firm’s reinstatement panel submission with Penrith Building Society is declined?
- Can you outline the application process to revert back onto the Penrith Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated 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?
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.