Removal from the Stafford Railway Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Stafford Railway Building Society panel requirements, the written instructions that Stafford Railway Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Stafford Railway Building Society may subsequently adopt.
- Persistent non-compliance with post completion requirements set by Stafford Railway Building Society
- Your firm no longer meets the criteria to remain on the Stafford Railway Building Society conveyancing panel
- Persistent delays in registering security on behalf of Stafford Railway Building Society Delays or failure to register the Stafford Railway Building Society charge may result in referral to external lawyers of Stafford Railway Building Society to complete outstanding requirements.
- Stafford Railway 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.
Stafford Railway Building Society panel reinstatement : questions that we get asked
- Is there a limit to the number of times my firm can apply to get back on the Stafford Railway Building Society conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was rejected?
- Does my practice need to apply annually to remain on the Stafford Railway Building Society conveyancing panel?
- Is there a charge to revert back onto the Stafford Railway Building Society conveyancing panel?
- What is the application protocol to be reinstated onto the Stafford Railway Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Stafford Railway Building Society panel reinstatement is to ensure that your firm is not removed off of the Stafford Railway 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 Stafford Railway Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Stafford Railway 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 Stafford Railway Building Society conveyancing panel.