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.
- Missing deadline to reapply to remain on the Newbury Building Society convincing panel
- Breaches of Newbury Building Society conveyancing panel Terms and Conditions
- Persistent non-compliance with post completion requirements on behalf of Newbury Building Society
- Your law firm no longer meets the criteria to remain on the Newbury Building Society conveyancing panel
Newbury Building Society Conveyancing Panel Reinstatement: Common Questions
- What happens if our Newbury Building Society panel reinstatement application is rejected and our client has a mortgage application with the Newbury Building Society?
- Do any avenues remain open if my firm’s reinstatement panel submission with Newbury Building Society is refused?
- Can we act for Newbury Building Society while the appeal for reinstatement on the Newbury Building Society panel is being assessed? How do I discover if our reinstatement application to the Newbury Building Society panel is accepted?
- How often will this firm be required to re-apply to remain on the Newbury Building Society conveyancing panel?
- Is there a cost 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.