Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Your practice no longer meets the criteria to remain on the Newbury Building Society conveyancing panel
- 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.
- 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 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.
- Significant delays in post completion requirements set by Newbury Building Society
Top questions concerning Newbury Building Society panel reinstatement
- What will happen if our Newbury Building Society panel reinstatement application is rejected and our client has a mortgage application with the Newbury Building Society?
- Is there a fee to revert back onto the Newbury Building Society conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Newbury Building Society conveyancing panel?
- Can this firm act for Newbury Building Society while the appeal for reinstatement on the Newbury Building Society panel is being assessed? How do I know if our reinstatement application to the Newbury Building Society panel is approved?
- Can you outline the application protocol to be reinstated 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.