Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Newcastle Building Society conveyancing panel requirements
- Recurring delays in post completion requirements set by Newcastle Building Society
- Missing deadline to reapply to be on the Newcastle Building Society convincing panel
- Your law firm no longer meets the criteria to remain on the Newcastle Building Society conveyancing panel
Answers to Frequently asked questions concerning Newcastle Building Society panel reinstatement
- What will happen if our Newcastle Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Newcastle Building Society?
- Am I restricted as to the number of times my law firm can submit applications to get back on the Newcastle Building Society conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Newcastle Building Society panel ?
- Is there a cost to be reinstated onto the Newcastle Building Society conveyancing panel?
- How do I discover why this practice’s application for reinstatement was refused?
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.