Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements set by Newcastle Building Society
- 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 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
- Your law firm fails to meet the criteria to remain on the Newcastle Building Society conveyancing panel
Common queries about Newcastle Building Society conveyancing panel reinstatement
- Is it possible to find out this practice’s application for reinstatement is refused?
- What are the consequences if our Newcastle Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Newcastle Building Society?
- Is there a charge to revert back onto the Newcastle Building Society conveyancing panel?
- Can we act for Newcastle Building Society while the application for reinstatement on the Newcastle Building Society panel is being reviewed? How do I find out if our reinstatement application to the Newcastle Building Society panel is approved?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Newcastle Building Society is refused?
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.