Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in post completion requirements on behalf of Newcastle Building Society
- Your firm no longer meets the criteria to remain on the Newcastle Building Society conveyancing panel
- Newcastle 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.
- Missing deadline to reapply to remain on the Newcastle Building Society convincing panel
- Failure to act in accordance with the Newcastle Building Society panel terms, the written instructions that Newcastle Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newcastle Building Society may subsequently adopt.
Questions Newcastle Building Society panel reinstatement firms ask us
- What are our options if my firm’s reinstatement panel application with Newcastle Building Society is refused?
- Can we appeal if this practice’s application for reinstatement was refused?
- Can you outline the application procedures to revert back onto the Newcastle Building Society conveyancing panel?
- How often will this firm be required to re-apply to remain on the Newcastle Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Newcastle Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Newcastle Building Society panel reinstatement is to ensure that your firm is not removed off of the Newcastle 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 Newcastle Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Newcastle 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 Newcastle Building Society conveyancing panel.