Removal from the Swansea Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Swansea Building Society panel requirements, the written instructions that Swansea Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Swansea Building Society may subsequently adopt.
- Breaches of Swansea Building Society conveyancing panel requirements
- Your law firm fails to meet the criteria to remain on the Swansea Building Society conveyancing panel
- Significant delays in registering a charge on behalf of Swansea Building Society Delays or failure to register the Swansea Building Society charge may result in referral to external lawyers of Swansea Building Society to complete outstanding requirements.
- Swansea 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.
Swansea Building Society panel reinstatement : questions that we get asked
- What happens if our Swansea Building Society panel reinstatement application is declined and our client has a mortgage offer with the Swansea Building Society?
- Is there a cost to revert back onto the Swansea Building Society conveyancing panel?
- Can this firm act for Swansea Building Society while the appeal for reinstatement on the Swansea Building Society panel is being assessed? How do I discover if our reinstatement application to the Swansea Building Society panel is approved?
- What are our options if my firm’s reinstatement panel submission with Swansea Building Society is turned down?
- Am I restricted as to the amount of occasions my practice can apply to get back on the Swansea Building Society conveyancing panel?
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.