Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated

  • Significant non-compliance with post completion requirements on behalf of Newbury Building Society
  • Your firm no longer meets the criteria to remain on the Newbury Building Society conveyancing panel
  • Breaches of Newbury Building Society conveyancing panel Terms and Conditions
  • Non-compliance with the Newbury Building Society panel requirements, the written instructions that Newbury Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newbury Building Society may subsequently adopt.
  • 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.

Answers to Frequently asked questions concerning Newbury Building Society panel reinstatement

  • What will happen if our Newbury Building Society panel reinstatement application is rejected and our client has a mortgage application with the Newbury Building Society?
  • Is there a charge to revert back onto the Newbury Building Society conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel application with Newbury Building Society is turned down?
  • Am I restricted as to the amount of times my law firm can submit applications to be reinstated on the Newbury Building Society conveyancing panel?
  • 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 know if our reinstatement application to the Newbury Building Society panel is accepted?

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.

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