Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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 subscribe.
- Significant non-compliance with post completion requirements set by Saffron Building Society
- Your practice no longer meets the criteria to remain on the Saffron Building Society conveyancing panel
- 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 registering security 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 panel reinstatement : questions that we get asked
- What will happen if our Saffron Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Saffron Building Society?
- Am I restricted as to the amount of occasions my firm can apply to be reinstated on the Saffron Building Society conveyancing panel?
- Who should sign the reinstatement application to the Saffron Building Society panel ?
- Is there a charge to revert back onto 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 know if our reinstatement appeal to the Saffron Building Society panel is approved?
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.