Removal from the Newcastle Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance 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 subscribe.
- Breaches of Newcastle Building Society conveyancing panel Terms and Conditions
- 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.
- Missing deadline to reapply to remain on the Newcastle Building Society convincing panel
- Your practice fails to meet the criteria to remain on the Newcastle Building Society conveyancing panel
Questions Newcastle Building Society panel reinstatement firms ask us
- Can we act for Newcastle Building Society while the appeal for reinstatement on the Newcastle Building Society panel is being reviewed? How do I discover if our reinstatement appeal to the Newcastle Building Society panel is accepted?
- What will happen if our Newcastle Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Newcastle Building Society?
- Is it possible to find out this practice’s application for reinstatement is turned down?
- Am I restricted as to the number of occasions my firm can submit applications to get back on the Newcastle Building Society conveyancing panel?
- Does the COLP in my firm need 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.