Removal from the Teachers Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Non-compliance with the Teachers Building Society panel requirements, the written instructions that Teachers Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Teachers Building Society may subsequently adopt.
- 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 requirements
- Your firm fails to meet the criteria to remain on the Teachers Building Society conveyancing panel
Questions Teachers Building Society panel reinstatement firms ask us
- What is the application procedures to be reinstated onto 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 assessed? How do I find out if our reinstatement application to the Teachers Building Society panel is approved?
- Does my practice need to apply annually to be reinstated on the Teachers Building Society conveyancing panel?
- Is there a limit to the amount of occasions my firm can submit applications to be reinstated on the Teachers Building Society conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel application with Teachers Building Society is refused?
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.