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
- Persistent 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.
- 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.
- Non-compliance with the National Westminster Bank panel requirements, the written instructions that National Westminster Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which National Westminster Bank may subsequently subscribe.
- Recurring non-compliance with post completion requirements set by National Westminster Bank
Common questions about National Westminster Bank conveyancing panel reinstatement
- Who should sign the reinstatement application to the National Westminster Bank panel ?
- Can we act for National Westminster Bank while the appeal for reinstatement on the National Westminster Bank panel is being processed? How do I know if our reinstatement application to the National Westminster Bank panel is approved?
- What are the consequences if our National Westminster Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the National Westminster Bank?
- Is the door firmly shut if my firm’s reinstatement panel application with National Westminster Bank is declined?
- What is 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 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 Westminster Bank conveyancing panel.