Removal from the Teachers Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Teachers Building Society conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the Teachers Building Society conveyancing panel
- Failure to act in accordance with the Teachers Building Society panel requirements, the written instructions that Teachers Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Teachers Building Society may subsequently subscribe.
- Failure to reapply to remain on the Teachers Building Society convincing panel
- Persistent delays in registering a charge on behalf of Teachers Building Society Delays or failure to register the Teachers Building Society charge may result in referral to external lawyers of Teachers Building Society to complete outstanding requirements.
Answers to Frequently asked questions concerning Teachers Building Society panel reinstatement
- Does my practice need to apply annually to be reinstated on the Teachers Building Society conveyancing panel?
- Am I restricted as to the amount of occasions my law firm can apply to be reinstated on the Teachers Building Society conveyancing panel?
- Can we act for Teachers Building Society while the appeal for reinstatement on the Teachers Building Society panel is being assessed? How do I find out if our reinstatement appeal to the Teachers Building Society panel is accepted?
- Can you outline the application procedures to be reinstated onto the Teachers Building Society conveyancing panel?
- Is there a cost to be reinstated onto the Teachers Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Teachers Building Society panel reinstatement is to ensure that your firm is not removed off of the Teachers 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 Teachers Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Teachers 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 Teachers Building Society conveyancing panel.