Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Newcastle Building Society conveyancing panel 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.
- 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.
- Persistent delays in post completion requirements on behalf of Newcastle Building Society
- Your firm no longer meets the criteria to remain on the Newcastle Building Society conveyancing panel
Frequently asked questions concerning Newcastle Building Society panel reinstatement
- Is the door firmly shut if our reinstatement panel submission with Newcastle Building Society is declined?
- Who should sign the reinstatement application to the Newcastle Building Society panel ?
- What will happen if our Newcastle Building Society panel reinstatement application is refused and the client of the firm has a mortgage application with the Newcastle Building Society?
- Is there a cost to revert back onto the Newcastle Building Society conveyancing panel?
- Please can you set out the application protocol to revert back 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.