Removal from the Teachers Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to be on the Teachers Building Society convincing panel
- Your firm fails to meet the criteria to remain on the Teachers Building Society conveyancing panel
- Significant non-compliance with post completion requirements on behalf of Teachers Building Society
- Teachers 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.
- Significant 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.
Teachers Building Society Conveyancing Panel Reinstatement: Common Questions
- Is there a limit to the number of times my practice can submit applications to be reinstated on the Teachers Building Society conveyancing panel?
- What will happen if our Teachers Building Society panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Teachers Building Society?
- What times frames are involved when applying to revert back onto the Teachers Building Society conveyancing panel?
- Can you outline the application procedures to be reinstated onto the Teachers Building Society conveyancing panel?
- How do I discover why my firm’s application for reinstatement is turned down?
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.