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 Terms and Conditions
  • 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 adopt.
  • Recurring 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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Your law firm no longer meets the criteria to remain on the Teachers Building Society conveyancing panel

Teachers Building Society panel reinstatement : questions that we get asked

  • How often will this firm be required to re-apply to be reinstated on the Teachers Building Society conveyancing panel?
  • Is there a limit to the amount of occasions my practice can submit applications to be reinstated on the Teachers Building Society conveyancing panel?
  • What times frames are involved when applying to be reinstated onto the Teachers Building Society conveyancing panel?
  • Is there a cost to revert back onto the Teachers Building Society conveyancing panel?
  • Does the COLP in my firm need to sign the reinstatement application to the Teachers Building Society 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.

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