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.
- Breaches of Newcastle Building Society conveyancing panel Terms and Conditions
- Recurring delays in post completion requirements on behalf of Newcastle Building Society
- Your firm fails to meet the criteria to remain on the Newcastle Building Society conveyancing panel
- Non-compliance with the Newcastle Building Society panel requirements, the written instructions that Newcastle Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newcastle Building Society may subsequently subscribe.
Answers to Frequently asked questions concerning Newcastle Building Society panel reinstatement
- Is there a limit to the number of times my practice can apply to get back on the Newcastle Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Newcastle Building Society conveyancing panel?
- Are you able to explain why my firm’s application for reinstatement is rejected?
- What are the next steps open to me if our Newcastle Building Society panel reinstatement application is rejected and our client has a mortgage offer with the Newcastle Building Society?
- 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 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.