Removal from the Newbury Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements set by Newbury Building Society
- 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.
- Failure to reapply to be on the Newbury Building Society convincing panel
- Breaches of Newbury Building Society conveyancing panel Terms and Conditions
- Newbury Building Society may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
FAQs : Newbury Building Society Conveyancing panel reinstatement
- To what extent is my firm permanently excluded if my firm’s reinstatement panel application with Newbury Building Society is turned down?
- Can this firm act for Newbury Building Society while the appeal for reinstatement on the Newbury Building Society panel is being progressed? How do I find out if our reinstatement appeal to the Newbury Building Society panel is accepted?
- How often will this firm be required to re-apply to be reinstated on the Newbury Building Society conveyancing panel?
- What happens if our Newbury Building Society panel reinstatement application is turned down and our client has a mortgage application with the Newbury Building Society?
- What times frames are involved when applying to revert back 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.