Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- 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.
- Recurring non-compliance with post completion requirements set by Nationwide Building Society
- 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.
- Non-compliance with the Nationwide Building Society panel requirements, the written instructions that Nationwide Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nationwide Building Society may subsequently adopt.
Nationwide Building Society panel reinstatement : questions that we get asked
- Please can you set out the application protocol to revert back onto the Nationwide Building Society conveyancing panel?
- Am I restricted as to the number of occasions my law firm can apply to get back on the Nationwide Building Society conveyancing panel?
- Does my practice need to apply annually to remain on the Nationwide Building Society conveyancing panel?
- How long does the application process take when applying to revert back 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 reviewed? How do I know if our reinstatement appeal to the Nationwide Building Society panel is accepted?
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.