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 provides false answers in its application form or in relation to any future requests for information.
- Failure to reapply to be on the Newbury Building Society convincing panel
- Breaches of Newbury Building Society conveyancing panel requirements
- Significant non-compliance with post completion requirements set by Newbury Building Society
- Your law firm no longer meets the criteria to remain on the Newbury Building Society conveyancing panel
Answers to Frequently asked questions concerning Newbury Building Society panel reinstatement
- Please can you set out the application procedures to revert back onto the Newbury Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Newbury Building Society panel ?
- What are our options if my firm’s reinstatement panel submission with Newbury Building Society is rejected?
- What will happen if our Newbury Building Society panel reinstatement application is turned down and our client has a mortgage offer with the Newbury Building Society?
- Is there a fee to revert back onto 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.