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 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 adopt.
- Recurring 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.
- Significant delays in post completion requirements set by Newbury Building Society
- Failure to reapply to be on the Newbury Building Society convincing panel
- Breaches of Newbury Building Society conveyancing panel Terms and Conditions
Common queries about Newbury Building Society conveyancing panel reinstatement
- How often will this firm be required to re-apply to be reinstated on the Newbury Building Society conveyancing panel?
- Is there a charge to be reinstated onto the Newbury Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Newbury Building Society panel ?
- Am I restricted as to the amount of occasions my firm can submit applications to get back on the Newbury Building Society conveyancing panel?
- What are the consequences if our Newbury Building Society panel reinstatement application is declined and our client has a mortgage offer with the Newbury Building Society?
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.