Removal from the Suffolk Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- Breaches of Suffolk Building Society conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Suffolk Building Society convincing 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.
- Significant non-compliance with post completion requirements set by Suffolk Building Society
Common queries about Suffolk Building Society conveyancing panel reinstatement
- Is there a limit to the number of times my firm can apply to be reinstated on the Suffolk Building Society conveyancing panel?
- Are you able to explain why this practice’s application for reinstatement is refused?
- Is there a charge to be reinstated onto the Suffolk Building Society conveyancing panel?
- Who should complete the reinstatement application to the Suffolk Building Society panel ?
- What happens if our Suffolk Building Society panel reinstatement application is refused and the client of the firm 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 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.