Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the National Westminster Bank convincing panel
- Significant 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.
- Persistent delays in post completion requirements set by National Westminster Bank
- 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 give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which National Westminster Bank may subsequently subscribe.
Frequently asked questions concerning National Westminster Bank panel reinstatement
- How long does the application process take when applying to be reinstated onto the National Westminster Bank conveyancing panel?
- Is there a charge to be reinstated onto the National Westminster Bank conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with National Westminster Bank is refused?
- What are the consequences if our National Westminster Bank panel reinstatement application is rejected and our client has a mortgage application with the National Westminster Bank?
- Can you outline the application procedures 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.