Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Suffolk Building Society convincing panel
- Your firm no longer meets the criteria to remain on the Suffolk Building Society conveyancing panel
- Suffolk 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.
- 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.
- Breaches of Suffolk Building Society conveyancing panel requirements
Answers to Frequently asked questions concerning Suffolk Building Society panel reinstatement
- Can we appeal if our application for reinstatement was rejected?
- Is there a fee to revert back onto the Suffolk Building Society conveyancing panel?
- How long does the application process take when applying to revert back onto the Suffolk Building Society conveyancing panel?
- Can we act for Suffolk Building Society while the appeal for reinstatement on the Suffolk Building Society panel is being reviewed? How do I discover if our reinstatement appeal to the Suffolk Building Society panel is approved?
- Is it the practice manager who is required to complete the reinstatement application to the Suffolk Building Society 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 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 Suffolk Building Society conveyancing panel.