Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- 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 adopt.
- Missing deadline to reapply to remain on the Newcastle Building Society convincing panel
- Breaches of Newcastle Building Society conveyancing panel Terms and Conditions
- 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.
- Significant non-compliance with post completion requirements on behalf of Newcastle Building Society
Newcastle Building Society panel reinstatement : questions that we get asked
- Is there a limit to the number of times my practice can submit applications to be reinstated on the Newcastle Building Society conveyancing panel?
- Does my practice need to apply annually to remain on the Newcastle Building Society conveyancing panel?
- Please can you set out the application protocol to be reinstated onto the Newcastle Building Society conveyancing panel?
- Is there a cost to be reinstated onto the Newcastle Building Society conveyancing panel?
- What happens if our Newcastle Building Society panel reinstatement application is turned down and our client has a mortgage offer with the Newcastle Building Society?
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.