Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Nationwide Building Society convincing panel
- Your firm no longer meets the criteria to remain on the Nationwide Building Society conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of Nationwide Building Society
- 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.
Nationwide Building Society panel reinstatement : questions that we get asked
- Is there a charge to be reinstated onto the Nationwide Building Society conveyancing panel?
- Does my practice need to apply annually to remain 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 the client of the firm has a mortgage offer with the Nationwide Building Society?
- What is the application protocol to be reinstated onto the Nationwide Building Society conveyancing panel?
- How long does the application process take 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.