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Is your law firm requiring help in being reinstated to the Newbury Building Society panel?

Removal from the Newbury Building Society and other lender panels: The causes of expulsion and how to get reinstated

  1. Failure to act in accordance with the Newbury Building Society panel requirements, the written instructions that Newbury Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newbury Building Society may subsequently subscribe.
  2. Newbury 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.
  3. Significant delays in registering a charge on behalf of Newbury Building Society Delays or failure to register the Newbury Building Society charge may result in referral to external lawyers of Newbury Building Society to complete outstanding requirements.
  4. Breaches of Newbury Building Society conveyancing panel Terms and Conditions
  5. Your firm no longer meets the criteria to remain on the Newbury Building Society conveyancing panel

Common queries about Newbury Building Society conveyancing panel reinstatement

  1. What are the next steps open to me if our Newbury Building Society panel reinstatement application is rejected and our client has a mortgage offer with the Newbury Building Society?
  2. Can this firm act for Newbury Building Society while the appeal for reinstatement on the Newbury Building Society panel is being processed? How do I find out if our reinstatement application to the Newbury Building Society panel is accepted?
  3. Is it possible to find out my firm’s application for reinstatement was refused?
  4. Is it the practice manager who is required to complete the reinstatement application to the Newbury Building Society panel ?
  5. Am I restricted as to the number of times my firm can apply to get back on the Newbury Building Society conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Newbury Building Society panel reinstatement is to ensure that your firm is not removed off of the Newbury 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 Newbury Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Newbury 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 Newbury Building Society conveyancing panel.