Removal from the Teachers Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Failure to act in accordance with the Teachers Building Society panel terms, 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 subscribe.
- Your law firm fails to meet the criteria to remain on the Teachers Building Society conveyancing panel
- 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.
- Missing deadline to reapply to remain on the Teachers Building Society convincing panel
How can we assist? Teachers Building Society panel reinstatement questions
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated on the Teachers Building Society conveyancing panel?
- Can you outline the application process to revert back 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 know if our reinstatement application to the Teachers Building Society panel is accepted?
- Is there a cost to be reinstated onto the Teachers Building Society conveyancing panel?
- Is it the practice manager who is required 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.