Removal from the West Bromwich Building Society and other lender panels: Why they do it and how to get reinstated
- West Bromwich 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.
- Significant delays in registering security on behalf of West Bromwich Building Society Delays or failure to register the West Bromwich Building Society charge may result in referral to external lawyers of West Bromwich Building Society to complete outstanding requirements.
- Breaches of West Bromwich Building Society conveyancing panel requirements
- Your firm no longer meets the criteria to remain on the West Bromwich Building Society conveyancing panel
- Failure to act in accordance with the West Bromwich Building Society panel terms, the written instructions that West Bromwich Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which West Bromwich Building Society may subsequently adopt.
Answers to Frequently asked questions concerning West Bromwich Building Society panel reinstatement
- Please can you set out the application procedures to revert back onto the West Bromwich Building Society conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the West Bromwich Building Society panel ?
- Does my practice need to apply annually to remain on the West Bromwich Building Society conveyancing panel?
- What are the next steps open to me if our West Bromwich Building Society panel reinstatement application is turned down and our client has a mortgage application with the West Bromwich Building Society?
- What times frames are involved when applying to be reinstated onto the West Bromwich Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking West Bromwich Building Society panel reinstatement is to ensure that your firm is not removed off of the West Bromwich 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 West Bromwich Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to West Bromwich 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 West Bromwich Building Society conveyancing panel.