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.
- Failure to act in accordance with the Newbury Building Society panel requirements, the written instructions that Newbury Building Society provide 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 Terms and Conditions
- Failure to reapply to be on the Newbury Building Society convincing panel
- Recurring non-compliance with post completion requirements set by Newbury Building Society
Newbury Building Society panel reinstatement : questions that we get asked
- 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 discover if our reinstatement appeal to the Newbury Building Society panel is approved?
- Am I restricted as to the number of times my firm can apply to get back on the Newbury Building Society conveyancing panel?
- How do I discover why our application for reinstatement is rejected?
- What are our options if my firm’s reinstatement panel application with Newbury Building Society is turned down?
- What are the next steps open to me if our Newbury Building Society panel reinstatement application is declined and the client of the firm has a mortgage application with the Newbury Building Society?
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.