Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Suffolk Building Society panel requirements, the written instructions that Suffolk Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Suffolk Building Society may subsequently adopt.
- Missing deadline to reapply to be on the Suffolk Building Society convincing panel
- Recurring 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.
- Breaches of Suffolk Building Society conveyancing panel requirements
- Significant delays in post completion requirements on behalf of Suffolk Building Society
Frequently asked questions concerning Suffolk Building Society panel reinstatement
- Can you outline the application procedures to be reinstated onto the Suffolk Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Suffolk Building Society conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement was turned down?
- Is there a cost to be reinstated onto the Suffolk Building Society conveyancing panel?
- How often will this firm be required to re-apply 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.