Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Your firm fails to meet the criteria to remain on the Suffolk Building Society conveyancing panel
- Failure to act in accordance with the Suffolk Building Society panel terms, 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 subscribe.
- 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.
- Significant delays in post completion requirements on behalf of Suffolk Building Society
Suffolk Building Society panel reinstatement: Five Common Questions
- Am I restricted as to the number of times my practice can apply to get back on the Suffolk Building Society conveyancing panel?
- Is there a fee to revert back onto the Suffolk Building Society conveyancing panel?
- What is the application protocol to revert back onto the Suffolk Building Society conveyancing panel?
- Does my practice need to apply annually to remain on the Suffolk Building Society conveyancing panel?
- What happens if our Suffolk Building Society panel reinstatement application is declined and our client has a mortgage application with the Suffolk Building Society?
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.