Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- Your firm no longer meets the criteria to remain on the National Westminster Bank conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of National Westminster Bank
- National Westminster Bank 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.
- Recurring delays in registering security on behalf of National Westminster Bank Delays or failure to register the National Westminster Bank charge may result in referral to external lawyers of National Westminster Bank to complete outstanding requirements.
- Breaches of National Westminster Bank conveyancing panel requirements
Top questions concerning National Westminster Bank panel reinstatement
- What are the next steps open to me if our National Westminster Bank panel reinstatement application is declined and our client has a mortgage offer with the National Westminster Bank?
- Is it the practice manager who is required to sign the reinstatement application to the National Westminster Bank panel ?
- Does my practice need to apply annually to be reinstated on the National Westminster Bank conveyancing panel?
- Can we act for National Westminster Bank while the appeal for reinstatement on the National Westminster Bank panel is being progressed? How do I know if our reinstatement appeal to the National Westminster Bank panel is accepted?
- Can you outline the application process to revert back onto the National Westminster Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking National Westminster Bank panel reinstatement is to ensure that your firm is not removed off of the National Westminster Bank 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 Westminster Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to National Westminster Bank 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 National Westminster Bank conveyancing panel.