Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Your practice fails to meet the criteria to remain on the Newbury Building Society conveyancing panel
- Significant 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.
- Missing deadline to reapply to remain on the Newbury Building Society convincing panel
- Recurring non-compliance with post completion requirements set by Newbury Building Society
Answers to Frequently asked questions concerning Newbury Building Society panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Newbury Building Society is declined?
- What are the consequences if our Newbury Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Newbury Building Society?
- How long does the application process take when applying to be reinstated onto the Newbury Building Society conveyancing panel?
- Can this firm act for Newbury Building Society while the application for reinstatement on the Newbury Building Society panel is being reviewed? How do I know if our reinstatement appeal to the Newbury Building Society panel is accepted?
- How often will this firm be required to re-apply 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 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.