Removal from the National Counties Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the National Counties Building Society conveyancing panel
- Missing deadline to reapply to remain on the National Counties Building Society convincing panel
- Failure to act in accordance with the National Counties Building Society panel requirements, 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.
- Breaches of National Counties Building Society conveyancing panel requirements
- National Counties 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.
National Counties Building Society panel reinstatement: Five Common Questions
- What happens if our National Counties Building Society panel reinstatement application is rejected and our client has a mortgage application with the National Counties Building Society?
- Is there a charge to revert back onto 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?
- Does the COLP in my firm need to complete the reinstatement application to the National Counties Building Society panel ?
- Does my practice need to apply annually to remain on 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.