Removal from the Swansea Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the Swansea Building Society conveyancing panel
- Breaches of Swansea Building Society conveyancing panel Terms and Conditions
- Persistent delays in post completion requirements on behalf of Swansea Building Society
- Failure to act in accordance with the Swansea Building Society panel requirements, the written instructions that Swansea Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Swansea Building Society may subsequently subscribe.
- Failure to reapply to be on the Swansea Building Society convincing panel
Answers to Frequently asked questions concerning Swansea Building Society panel reinstatement
- How often will this firm be required to re-apply to remain on the Swansea Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Swansea Building Society panel ?
- Is there a cost to revert back onto the Swansea Building Society conveyancing panel?
- What happens if our Swansea Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Swansea Building Society?
- Can we act for Swansea Building Society while the application for reinstatement on the Swansea Building Society panel is being processed? How do I find out if our reinstatement application to the Swansea Building Society panel is approved?
Top Tip: The best way to avoid the hassle of seeking Swansea Building Society panel reinstatement is to ensure that your firm is not removed off of the Swansea 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 Swansea Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Swansea 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 Swansea Building Society conveyancing panel.