Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance with the Nationwide Building Society panel terms, the written instructions that Nationwide Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nationwide Building Society may subsequently adopt.
- Your firm no longer meets the criteria to remain on the Nationwide Building Society conveyancing panel
- Breaches of Nationwide Building Society conveyancing panel Terms and Conditions
- Persistent delays in registering security on behalf of Nationwide Building Society Delays or failure to register the Nationwide Building Society charge may result in referral to external lawyers of Nationwide Building Society to complete outstanding requirements.
- Nationwide Building Society 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.
Common questions about Nationwide Building Society conveyancing panel reinstatement
- What are the next steps open to me if our Nationwide Building Society panel reinstatement application is turned down and our client has a mortgage offer with the Nationwide Building Society?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Nationwide Building Society is rejected?
- How do I discover why our application for reinstatement is rejected?
- Who should complete the reinstatement application to the Nationwide Building Society panel ?
- Is there a limit to the amount of times my law firm can apply to get back on the Nationwide Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Nationwide Building Society panel reinstatement is to ensure that your firm is not removed off of the Nationwide Building Society 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 Nationwide Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Nationwide Building Society 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 Nationwide Building Society conveyancing panel.