Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of Suffolk Building Society
- Significant delays in registering a charge 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
- Your law 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 provides false answers in its application form or in relation to any future requests for information.
Answers to Frequently asked questions concerning Suffolk Building Society panel reinstatement
- Can we act for Suffolk Building Society while the appeal for reinstatement on the Suffolk Building Society panel is being reviewed? How do I know if our reinstatement application to the Suffolk Building Society panel is accepted?
- Am I restricted as to the number of times my law firm can submit applications to get back on the Suffolk Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Suffolk Building Society panel ?
- Is there a fee to revert back 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.