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
  • Your law firm fails to meet the criteria to remain on the Teachers Building Society conveyancing panel
  • Recurring non-compliance with post completion requirements set by Teachers Building Society
  • Non-compliance 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.
  • 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.

Common queries about Teachers Building Society conveyancing panel reinstatement

  • Does the COLP in my firm need to sign the reinstatement application to the Teachers Building Society panel ?
  • Is there a charge to be reinstated onto the Teachers Building Society conveyancing panel?
  • Does my practice need to apply annually 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?
  • Can this firm act for Teachers Building Society while the appeal for reinstatement on the Teachers Building Society panel is being progressed? How do I know if our reinstatement appeal to the Teachers Building Society panel is approved?

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.

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