Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Breaches of Nationwide Building Society conveyancing panel requirements
- Failure to act in accordance 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 provides false answers in its application form or in relation to any future requests for information.
- 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
- How long does the application process take when applying to be reinstated onto the Nationwide Building Society conveyancing panel?
- Is there a charge to revert back onto the Nationwide Building Society conveyancing panel?
- Do any avenues remain open if our reinstatement panel application with Nationwide Building Society is refused?
- What is the application process to be reinstated onto the Nationwide Building Society conveyancing panel?
- Are you able to explain why our application for reinstatement was rejected?
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.