Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring delays in registering security 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.
- Your firm no longer meets the criteria to remain on the Newbury Building Society conveyancing panel
- Persistent delays in post completion requirements on behalf of Newbury Building Society
- Missing deadline to reapply to remain on the Newbury Building Society convincing panel
Answers to Frequently asked questions concerning Newbury Building Society panel reinstatement
- Is the door firmly shut if my firm’s reinstatement panel application with Newbury Building Society is refused?
- Who should sign the reinstatement application to the Newbury Building Society panel ?
- Can we act for Newbury Building Society while the appeal for reinstatement on the Newbury Building Society panel is being reviewed? How do I discover if our reinstatement appeal to the Newbury Building Society panel is approved?
- What are the next steps open to me if our Newbury Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Newbury Building Society?
- Can we appeal if this practice’s application for reinstatement is turned down?
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.