Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- Failure to act in accordance with the Nationwide Building Society panel requirements, 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.
- Missing deadline to reapply to be on the Nationwide Building Society convincing panel
- Nationwide Building Society 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.
- Significant 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 panel reinstatement: Five Common Questions
- What times frames are involved when applying to revert back onto the Nationwide Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Nationwide Building Society conveyancing panel?
- Is there a charge to revert back onto the Nationwide Building Society conveyancing panel?
- Can we act for Nationwide Building Society while the appeal for reinstatement on the Nationwide Building Society panel is being reviewed? How do I find out if our reinstatement application to the Nationwide Building Society panel is accepted?
- What will happen if our Nationwide Building Society panel reinstatement application is declined and our client has a mortgage application with the Nationwide Building Society?
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 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 Nationwide Building Society conveyancing panel.