Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Your law firm fails to meet the criteria to remain on the Newcastle Building Society conveyancing panel
- 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.
- Failure to reapply to remain on the Newcastle Building Society convincing panel
- Significant non-compliance with post completion requirements set by Newcastle Building Society
- Significant delays in registering a charge on behalf of Newcastle Building Society Delays or failure to register the Newcastle Building Society charge may result in referral to external lawyers of Newcastle Building Society to complete outstanding requirements.
Frequently asked questions concerning Newcastle Building Society panel reinstatement
- Can we act for Newcastle Building Society while the appeal for reinstatement on the Newcastle Building Society panel is being progressed? How do I know if our reinstatement application to the Newcastle Building Society panel is accepted?
- Is it the practice manager who is required to sign the reinstatement application to the Newcastle Building Society panel ?
- Am I restricted as to the number of times my law firm can submit applications to be reinstated on the Newcastle Building Society conveyancing panel?
- Can you outline the application protocol to revert back onto the Newcastle Building Society conveyancing panel?
- Is there a fee 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 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.