Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Suffolk Building Society conveyancing panel
- Persistent delays in registering security on behalf of Suffolk Building Society Delays or failure to register the Suffolk Building Society charge may result in referral to external lawyers of Suffolk Building Society to complete outstanding requirements.
- Non-compliance with the Suffolk Building Society panel terms, the written instructions that Suffolk Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Suffolk Building Society may subsequently subscribe.
- Significant delays in post completion requirements on behalf of Suffolk Building Society
- Breaches of Suffolk Building Society conveyancing panel requirements
Questions Suffolk Building Society panel reinstatement firms ask us
- How do I discover why my firm’s application for reinstatement is declined?
- Is there a charge to revert back onto the Suffolk Building Society conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Suffolk Building Society panel ?
- What are the next steps open to me if our Suffolk Building Society panel reinstatement application is refused and our client has a mortgage application with the Suffolk Building Society?
- Does my practice need to apply annually to be reinstated on the Suffolk Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Suffolk Building Society panel reinstatement is to ensure that your firm is not removed off of the Suffolk 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 Suffolk Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Suffolk 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 Suffolk Building Society conveyancing panel.