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.
- Your firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- Significant delays in post completion requirements set by Nationwide Building Society
- Failure to reapply to be on the Nationwide Building Society convincing panel
- Failure to act in accordance with the Nationwide Building Society panel requirements, 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 subscribe.
Nationwide Building Society panel reinstatement: Five Common Questions
- What happens if our Nationwide Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Nationwide Building Society?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Nationwide Building Society is rejected?
- How long does the application process take when applying to be reinstated onto the Nationwide Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Nationwide Building Society conveyancing panel?
- Is it possible to find out 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 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.