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 subscribe.
- Breaches of Nationwide Building Society conveyancing panel Terms and Conditions
- Recurring 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.
- Significant non-compliance with post completion requirements on behalf of Nationwide Building Society
Frequently asked questions concerning Nationwide Building Society panel reinstatement
- Is there a limit to the number of occasions my law firm can submit applications to be reinstated on the Nationwide Building Society conveyancing panel?
- What are the next steps open to me if our Nationwide Building Society panel reinstatement application is rejected and our client has a mortgage offer with the Nationwide Building Society?
- Is it the practice manager who is required to complete the reinstatement application to the Nationwide Building Society panel ?
- Is the door firmly shut if our reinstatement panel submission with Nationwide Building Society is turned down?
- What times frames are involved when applying to be reinstated onto 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.