Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent delays in registering security 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.
- 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.
- Recurring non-compliance with post completion requirements set by Newcastle Building Society
- Failure to act in accordance 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.
- Missing deadline to reapply to be on the Newcastle Building Society convincing panel
Newcastle Building Society Conveyancing Panel Reinstatement: Common Questions
- Is there a cost to revert back onto the Newcastle Building Society conveyancing panel?
- Can we act for Newcastle Building Society while the appeal for reinstatement on the Newcastle Building Society panel is being assessed? How do I find out if our reinstatement appeal to the Newcastle Building Society panel is accepted?
- Please can you set out the application protocol to be reinstated onto the Newcastle Building Society conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Newcastle Building Society is rejected?
- Is there a limit to the amount of times my practice can apply to get back on 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.