Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- 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 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.
- Failure to act in accordance with the National Westminster Bank panel terms, 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.
- Breaches of National Westminster Bank conveyancing panel requirements
- Failure to reapply to remain on the National Westminster Bank convincing panel
Top questions concerning National Westminster Bank panel reinstatement
- What times frames are involved when applying to revert back onto the National Westminster Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on the National Westminster Bank conveyancing panel?
- Is there a limit to the number of occasions my firm can apply to be reinstated on the National Westminster Bank conveyancing panel?
- Is there a cost to revert back onto the National Westminster Bank conveyancing panel?
- What will happen if our National Westminster Bank panel reinstatement application is declined and the client of the firm has a mortgage application with the National Westminster Bank?
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.