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 terms, 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 subscribe.
- Recurring non-compliance with post completion requirements on behalf of Newbury Building Society
- 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.
- Failure to reapply to be on the Newbury Building Society convincing panel
- Your law firm fails to meet the criteria to remain on the Newbury Building Society conveyancing panel
Newbury Building Society panel reinstatement : questions that we get asked
- Is it the practice manager who is required to complete the reinstatement application to the Newbury Building Society panel ?
- What are our options if my firm’s reinstatement panel application with Newbury Building Society is declined?
- How long does the application process take when applying to revert back onto the Newbury Building Society conveyancing panel?
- What will happen if our Newbury Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Newbury Building Society?
- Are you able to explain why our application for reinstatement was declined?
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.