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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
  • Missing deadline to reapply to be on the Newcastle Building Society convincing panel
  • Failure to act in accordance with the Newcastle Building Society panel requirements, 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 subscribe.
  • Persistent non-compliance with post completion requirements set by Newcastle Building Society
  • Breaches of Newcastle Building Society conveyancing panel Terms and Conditions

Newcastle Building Society panel reinstatement: Five Common Questions

  • Can this firm act for Newcastle Building Society while the application for reinstatement on the Newcastle Building Society panel is being reviewed? How do I know if our reinstatement appeal to the Newcastle Building Society panel is approved?
  • What will happen if our Newcastle Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Newcastle Building Society?
  • Who should complete the reinstatement application to the Newcastle Building Society panel ?
  • What is the application procedures to revert back onto the Newcastle Building Society conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel submission with Newcastle Building Society is rejected?

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 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 Newcastle Building Society conveyancing panel.

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