Removal from the Nationwide Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Your law firm fails to meet the criteria to remain on the Nationwide Building Society conveyancing panel
- Failure to reapply to remain on the Nationwide Building Society convincing panel
- 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.
- Persistent 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.
Nationwide Building Society panel reinstatement : You have questions, we have answers
- Can this firm act for Nationwide Building Society while the appeal for reinstatement on the Nationwide Building Society panel is being assessed? How do I find out if our reinstatement application to the Nationwide Building Society panel is accepted?
- Are you able to explain why my firm’s application for reinstatement was declined?
- Is there a limit to the number of occasions my firm can apply to be reinstated on the Nationwide Building Society conveyancing panel?
- Is there a fee to be reinstated onto the Nationwide Building Society conveyancing panel?
- What are the next steps open to me if our Nationwide Building Society panel reinstatement application is turned down and our client has a mortgage offer with the Nationwide Building Society?
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.