Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- 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 subscribe.
- Your practice fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- Recurring non-compliance with post completion requirements set by Nationwide Building Society
- Missing deadline to reapply to remain on the Nationwide Building Society convincing panel
Questions Nationwide Building Society panel reinstatement firms ask us
- What are the next steps open to me if our Nationwide Building Society panel reinstatement application is declined and our client has a mortgage offer with the Nationwide Building Society?
- Is it possible to find out my firm’s application for reinstatement was declined?
- What are our options if my firm’s reinstatement panel application with Nationwide Building Society is declined?
- What times frames are involved when applying 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?
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.