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.
- 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.
- Breaches of Nationwide Building Society conveyancing panel requirements
- Recurring delays in post completion requirements set by Nationwide Building Society
- Your law firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
Frequently asked questions concerning Nationwide Building Society panel reinstatement
- Are you able to explain why my firm’s application for reinstatement was rejected?
- Is there a charge to be reinstated onto the Nationwide Building Society conveyancing panel?
- Can we act for Nationwide Building Society while the application for reinstatement on the Nationwide Building Society panel is being progressed? How do I discover if our reinstatement application to the Nationwide Building Society panel is approved?
- How often will this firm be required to re-apply to remain on the Nationwide Building Society conveyancing panel?
- Can you outline the application procedures to revert back 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.