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.
- Significant non-compliance with post completion requirements on behalf of Newbury Building Society
- 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 adopt.
- Breaches of Newbury Building Society conveyancing panel requirements
- Your firm fails to meet the criteria to remain on the Newbury Building Society conveyancing panel
Newbury Building Society Conveyancing Panel Reinstatement: Common Questions
- What are our options if my firm’s reinstatement panel submission with Newbury Building Society is refused?
- Can we act for Newbury Building Society while the application for reinstatement on the Newbury Building Society panel is being progressed? How do I discover if our reinstatement appeal to the Newbury Building Society panel is approved?
- Is there a fee to revert back onto the Newbury Building Society conveyancing panel?
- Is it possible to find out my firm’s application for reinstatement is declined?
- Does my practice need to apply annually to remain on 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.