Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of National Westminster Bank
- Your firm fails to meet the criteria to remain on the National Westminster Bank conveyancing panel
- 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.
- Failure to act in accordance with the National Westminster Bank panel requirements, 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.
- Failure to reapply to remain on the National Westminster Bank convincing panel
National Westminster Bank panel reinstatement: Five Common Questions
- Does the COLP in my firm need to complete the reinstatement application to the National Westminster Bank panel ?
- Is there a limit to the number of times my law firm can apply to be reinstated on the National Westminster Bank conveyancing panel?
- Can we act for National Westminster Bank while the appeal for reinstatement on the National Westminster Bank panel is being assessed? How do I discover if our reinstatement appeal to the National Westminster Bank panel is approved?
- How do I discover why our application for reinstatement was refused?
- Can you outline the application procedures to be reinstated 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.