Removal from the Teachers Building Society and other lender panels: Why they do it and how to get reinstated

  • Persistent delays in registering security 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.
  • Recurring non-compliance with post completion requirements set by Teachers Building Society
  • Your practice no longer meets the criteria to remain on the Teachers Building Society conveyancing panel
  • Teachers 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.
  • Breaches of Teachers Building Society conveyancing panel Terms and Conditions

Common questions about Teachers Building Society conveyancing panel reinstatement

  • What are our options if our reinstatement panel submission with Teachers Building Society is turned down?
  • Does my practice need to apply annually to remain on the Teachers Building Society conveyancing panel?
  • Can we act for Teachers Building Society while the application for reinstatement on the Teachers Building Society panel is being progressed? How do I discover if our reinstatement appeal to the Teachers Building Society panel is approved?
  • Does the COLP in my firm need to complete the reinstatement application to the Teachers Building Society panel ?
  • What are the consequences if our Teachers Building Society panel reinstatement application is refused and our client has a mortgage offer with the Teachers Building Society?

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 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 Teachers Building Society conveyancing panel.

Related Pages