Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- Breaches of Newbury Building Society conveyancing panel requirements
- Non-compliance 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 adopt.
- Your practice fails to meet the criteria to remain on the Newbury Building Society conveyancing panel
- Persistent non-compliance with post completion requirements set by Newbury Building Society
Top questions concerning Newbury Building Society panel reinstatement
- Is it the practice manager who is required to complete the reinstatement application to the Newbury Building Society panel ?
- What times frames are involved when applying to revert back onto the Newbury Building Society conveyancing panel?
- Is there a cost to be reinstated onto the Newbury Building Society conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is rejected?
- Can this firm act for Newbury Building Society while the application for reinstatement on the Newbury Building Society panel is being processed? How do I discover 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.