Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering a charge on behalf of Saffron Building Society Delays or failure to register the Saffron Building Society charge may result in referral to external lawyers of Saffron Building Society to complete outstanding requirements.
- Your law firm fails to meet the criteria to remain on the Saffron Building Society conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of Saffron Building Society
- Non-compliance with the Saffron Building Society panel requirements, the written instructions that Saffron Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Saffron Building Society may subsequently adopt.
- Saffron Building Society may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
Saffron Building Society panel reinstatement : questions that we get asked
- Can this firm act for Saffron Building Society while the appeal for reinstatement on the Saffron Building Society panel is being reviewed? How do I know if our reinstatement application to the Saffron Building Society panel is approved?
- How long does the application process take when applying to revert back onto the Saffron Building Society conveyancing panel?
- Please can you set out the application procedures to be reinstated onto the Saffron Building Society conveyancing panel?
- What are the next steps open to me if our Saffron Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Saffron Building Society?
- Is there a fee to be reinstated onto the Saffron Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Saffron Building Society panel reinstatement is to ensure that your firm is not removed off of the Saffron 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 Saffron Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Saffron 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 Saffron Building Society conveyancing panel.