Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Newbury Building Society panel terms, 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.
- Persistent non-compliance with post completion requirements on behalf of Newbury Building Society
- Newbury 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.
- Persistent 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.
- Missing deadline to reapply to remain on the Newbury Building Society convincing panel
Top questions concerning Newbury Building Society panel reinstatement
- What are our options if my firm’s reinstatement panel submission with Newbury Building Society is rejected?
- Does the COLP in my firm need to sign the reinstatement application to the Newbury Building Society panel ?
- Please can you set out the application protocol to revert back onto the Newbury Building Society conveyancing panel?
- Can we appeal if our application for reinstatement is refused?
- Am I restricted as to the amount of occasions my practice can submit applications to be reinstated 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 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 Newbury Building Society conveyancing panel.