Removal from the National Counties Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of National Counties Building Society conveyancing panel requirements
- National Counties 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.
- Your practice fails to meet the criteria to remain on the National Counties Building Society conveyancing panel
- Significant non-compliance with post completion requirements set by National Counties Building Society
- Non-compliance with the National Counties Building Society panel terms, the written instructions that National Counties Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which National Counties Building Society may subsequently adopt.
National Counties Building Society panel reinstatement: Five Common Questions
- Are you able to explain why my firm’s application for reinstatement is rejected?
- Can we act for National Counties Building Society while the application for reinstatement on the National Counties Building Society panel is being progressed? How do I discover if our reinstatement appeal to the National Counties Building Society panel is approved?
- Is it the practice manager who is required to sign the reinstatement application to the National Counties Building Society panel ?
- Is there a limit to the number of times my practice can apply to be reinstated on the National Counties Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the National Counties Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking National Counties Building Society panel reinstatement is to ensure that your firm is not removed off of the National Counties 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 National Counties Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to National Counties 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 National Counties Building Society conveyancing panel.