Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated

  • Recurring non-compliance with post completion requirements set by Newbury Building Society
  • Breaches of Newbury Building Society conveyancing panel requirements
  • Missing deadline to reapply to remain on the Newbury Building Society convincing panel
  • 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 delays in registering a charge 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.

FAQs : Newbury Building Society Conveyancing panel reinstatement

  • What will happen if our Newbury Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Newbury Building Society?
  • Is it the practice manager who is required to sign the reinstatement application to the Newbury Building Society panel ?
  • How do I discover why this practice’s application for reinstatement was refused?
  • How often will this firm be required to re-apply to remain on the Newbury Building Society conveyancing panel?
  • What times frames are involved when applying 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.

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