Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Non-compliance with the Suffolk Building Society panel requirements, 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.
- Your firm no longer meets the criteria to remain on the Suffolk Building Society conveyancing panel
- Breaches of Suffolk Building Society conveyancing panel requirements
- 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.
Suffolk Building Society panel reinstatement: Five Common Questions
- Is there a limit to the number of occasions my law firm can apply to get back on the Suffolk Building Society conveyancing panel?
- Can this firm 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 application to the Suffolk Building Society panel is accepted?
- What happens if our Suffolk Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Suffolk Building Society?
- Does my practice need to apply annually to remain on the Suffolk Building Society conveyancing panel?
- Who should sign 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.