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 Terms and Conditions
- Failure to reapply to remain on the National Westminster Bank convincing panel
- 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.
- Non-compliance with the National Westminster Bank panel terms, 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 subscribe.
- Your practice fails to meet the criteria to remain on the National Westminster Bank conveyancing panel
National Westminster Bank panel reinstatement: Five Common Questions
- 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?
- Can you outline the application protocol to be reinstated onto the National Westminster Bank conveyancing panel?
- Can we appeal if my firm’s application for reinstatement is turned down?
- Do any avenues remain open if our reinstatement panel application with National Westminster Bank is refused?
- Is there a charge 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.