Removal from the Saffron Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Saffron Building Society panel terms, 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.
- Persistent non-compliance with post completion requirements on behalf of Saffron Building Society
- Missing deadline to reapply to remain on the Saffron Building Society convincing panel
- 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.
- 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.
FAQs : Saffron Building Society Conveyancing panel reinstatement
- How do I discover why this practice’s application for reinstatement is declined?
- Is there a limit to the amount of occasions my practice can submit applications to be reinstated on the Saffron Building Society conveyancing panel?
- What will happen if our Saffron Building Society panel reinstatement application is refused and our client has a mortgage offer with the Saffron Building Society?
- Please can you set out the application process to revert back onto the Saffron Building Society conveyancing panel?
- Does the COLP in my firm need to sign 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 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.