Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Nationwide Building Society conveyancing panel Terms and Conditions
- Missing deadline to reapply to be on the Nationwide Building Society convincing panel
- Persistent delays in post completion requirements on behalf of Nationwide Building Society
- Non-compliance 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 fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
Frequently asked questions concerning Nationwide Building Society panel reinstatement
- Is there a fee to be reinstated 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 know if our reinstatement application to the Nationwide Building Society panel is approved?
- Can we appeal if my firm’s application for reinstatement was declined?
- Does the COLP in my firm need to sign the reinstatement application to the Nationwide Building Society panel ?
- How often will this firm be required to re-apply to be reinstated 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 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.