Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring 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
- Recurring non-compliance with post completion requirements on behalf of Newbury Building Society
- Failure to act in accordance with the Newbury Building Society panel requirements, 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 adopt.
Newbury Building Society panel reinstatement : You have questions, we have answers
- Is there a limit to the amount of times my firm can apply to get back on the Newbury Building Society conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Newbury Building Society is rejected?
- What will happen if our Newbury Building Society panel reinstatement application is declined and our client has a mortgage application with the Newbury Building Society?
- Who should complete the reinstatement application to the Newbury Building Society panel ?
- Please can you set out 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.