Removal from the National Westminster Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of National Westminster Bank conveyancing panel Terms and Conditions
- Failure to act in accordance 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.
- National Westminster Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Persistent non-compliance with post completion requirements set by National Westminster Bank
FAQs : National Westminster Bank Conveyancing panel reinstatement
- Please can you set out the application procedures to be reinstated onto the National Westminster Bank conveyancing panel?
- How long does the application process take when applying to be reinstated onto the National Westminster Bank conveyancing panel?
- Is there a charge to revert back onto the National Westminster Bank conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is refused?
- Do any avenues remain open if my firm’s reinstatement panel submission with National Westminster Bank is turned down?
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.