Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm no longer meets the criteria to remain on the Saffron Building Society conveyancing panel
- Breaches of Saffron Building Society conveyancing panel requirements
- 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 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.
- Significant delays in post completion requirements set by Saffron Building Society
Saffron Building Society panel reinstatement: Five Common Questions
- What is the application process to be reinstated onto the Saffron Building Society conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Saffron Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Saffron Building Society conveyancing panel?
- Can this firm act for Saffron Building Society while the appeal for reinstatement on the Saffron Building Society panel is being assessed? How do I find out if our reinstatement application to the Saffron Building Society panel is accepted?
- Is there a cost 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.