Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Your law firm no longer meets the criteria to remain on the Nationwide Building Society conveyancing panel
- Recurring non-compliance with post completion requirements set by Nationwide Building Society
- Persistent delays in registering a charge 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.
- Failure to reapply to be on the Nationwide Building Society convincing panel
Questions Nationwide Building Society panel reinstatement firms ask us
- Does my practice need to apply annually to be reinstated on the Nationwide Building Society conveyancing panel?
- Can we appeal if our application for reinstatement is refused?
- Who should sign the reinstatement application to the Nationwide Building Society panel ?
- What are our options if my firm’s reinstatement panel application with Nationwide Building Society is rejected?
- 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 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.