Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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.
- Missing deadline to reapply to be on the Nationwide Building Society convincing panel
- 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.
- Your law firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- Failure to act in accordance with the Nationwide Building Society panel terms, 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 panel reinstatement : questions that we get asked
- Can we act for Nationwide Building Society while the appeal for reinstatement on the Nationwide Building Society panel is being processed? How do I know if our reinstatement application to the Nationwide Building Society panel is approved?
- Please can you set out the application protocol to be reinstated onto the Nationwide Building Society conveyancing panel?
- Is there a fee to revert back onto the Nationwide Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Nationwide Building Society panel ?
- How long does the application process take when applying to be reinstated 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 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.