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 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.
  • 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.
  • Failure to reapply to be on the Saffron Building Society convincing panel
  • Your law firm no longer meets the criteria to remain on the Saffron Building Society conveyancing panel
  • Recurring 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.

Common queries about Saffron Building Society conveyancing panel reinstatement

  • To what extent is my firm permanently excluded if our reinstatement panel application with Saffron Building Society is rejected?
  • How long does the application process take when applying to revert back 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?
  • Does the COLP in my firm need to complete the reinstatement application to the Saffron Building Society panel ?
  • Is there a limit to the amount of occasions my law firm can apply to get back 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 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.

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