Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of National Westminster Bank conveyancing panel requirements
- Failure to act in accordance with the National Westminster Bank panel terms, the written instructions that National Westminster Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which National Westminster Bank may subsequently adopt.
- Significant 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.
- Recurring non-compliance with post completion requirements on behalf of National Westminster Bank
- Missing deadline to reapply to be on the National Westminster Bank convincing panel
National Westminster Bank panel reinstatement: Five Common Questions
- Is it the practice manager who is required to complete the reinstatement application to the National Westminster Bank panel ?
- Is there a fee to be reinstated onto the National Westminster Bank conveyancing panel?
- Can you outline the application process to revert back onto the National Westminster Bank conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was declined?
- Can we act for National Westminster Bank while the application for reinstatement on the National Westminster Bank panel is being processed? How do I find out if our reinstatement appeal to the National Westminster Bank panel is approved?
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.