Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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.
- 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.
- Significant non-compliance with post completion requirements set by Nationwide Building Society
- 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.
- Your firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
Answers to Frequently asked questions concerning Nationwide Building Society panel reinstatement
- How often will this firm be required to re-apply to remain on the Nationwide Building Society conveyancing panel?
- Who should complete the reinstatement application to the Nationwide Building Society panel ?
- What times frames are involved when applying to revert back onto the Nationwide Building Society conveyancing panel?
- Am I restricted as to the number of occasions my law firm can submit applications to get back on the Nationwide Building Society conveyancing panel?
- Is there a fee to revert back 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.