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.
- 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.
- Failure to reapply to remain on the Newcastle Building Society convincing panel
- Breaches of Newcastle Building Society conveyancing panel Terms and Conditions
- Non-compliance with the Newcastle Building Society panel terms, 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 adopt.
Newcastle Building Society panel reinstatement : You have questions, we have answers
- What will happen if our Newcastle Building Society panel reinstatement application is declined and our client has a mortgage offer with the Newcastle Building Society?
- Can we appeal if my firm’s application for reinstatement was rejected?
- To what extent is my firm permanently excluded if our reinstatement panel application with Newcastle Building Society is turned down?
- Can you outline the application procedures to be reinstated onto the Newcastle Building Society conveyancing panel?
- Is there a cost 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.