Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Newcastle Building Society convincing panel
- 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 non-compliance with post completion requirements set by Newcastle Building Society
- Significant 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.
- Failure to act in accordance with the Newcastle Building Society panel requirements, the written instructions that Newcastle Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Newcastle Building Society may subsequently subscribe.
Newcastle Building Society panel reinstatement : You have questions, we have answers
- Can we appeal if this practice’s application for reinstatement is rejected?
- Is there a limit to the amount of occasions my practice can apply to be reinstated on the Newcastle Building Society conveyancing panel?
- Is there a fee 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 progressed? How do I know if our reinstatement appeal to the Newcastle Building Society panel is accepted?
- Is it the practice manager who is required to sign the reinstatement application to the Newcastle Building Society 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.