Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering a charge 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.
- Non-compliance 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.
- Persistent delays in post completion requirements set by National Westminster Bank
- Breaches of National Westminster Bank conveyancing panel requirements
- Missing deadline to reapply to be on the National Westminster Bank convincing panel
Frequently asked questions concerning National Westminster Bank panel reinstatement
- Am I restricted as to the amount of occasions my firm can apply to be reinstated on the National Westminster Bank conveyancing panel?
- Does my practice need to apply annually to remain on the National Westminster Bank conveyancing panel?
- Can this firm act for National Westminster Bank while the appeal for reinstatement on the National Westminster Bank panel is being reviewed? How do I discover if our reinstatement appeal to the National Westminster Bank panel is accepted?
- What are the consequences if our National Westminster Bank panel reinstatement application is refused and the client of the firm has a mortgage application with the National Westminster Bank?
- Are you able to explain why our application for reinstatement is refused?
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.