Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Saffron Building Society convincing panel
- Breaches of Saffron Building Society conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements on behalf of Saffron Building Society
- Significant 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.
- 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.
Top questions concerning Saffron Building Society panel reinstatement
- Am I restricted as to the amount of times my practice can submit applications to get back on the Saffron Building Society conveyancing panel?
- 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?
- Is the door firmly shut if our reinstatement panel submission with Saffron Building Society is turned down?
- Does my practice need to apply annually to remain on the Saffron Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Saffron Building Society 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 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 Saffron Building Society conveyancing panel.