Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Saffron 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.
- Breaches of Saffron Building Society conveyancing panel requirements
- 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.
- Missing deadline to reapply to be on the Saffron Building Society convincing panel
- Failure to act in accordance with the Saffron Building Society panel terms, the written instructions that Saffron Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Saffron Building Society may subsequently subscribe.
Saffron Building Society panel reinstatement : You have questions, we have answers
- Do any avenues remain open if our reinstatement panel application with Saffron Building Society is rejected?
- Can we act for Saffron Building Society while the appeal for reinstatement on the Saffron Building Society panel is being processed? How do I find out if our reinstatement appeal to the Saffron Building Society panel is accepted?
- Please can you set out the application procedures to revert back onto the Saffron Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Saffron Building Society panel ?
- Does my practice need to apply annually to be reinstated on 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.