Removal from the Nottingham Building Society and other lender panels: Why they do it and how to get reinstated
- Significant delays in registering security on behalf of Nottingham Building Society Delays or failure to register the Nottingham Building Society charge may result in referral to external lawyers of Nottingham Building Society to complete outstanding requirements.
- Failure to act in accordance with the Nottingham Building Society panel terms, the written instructions that Nottingham Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nottingham Building Society may subsequently subscribe.
- Nottingham 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.
- Your firm no longer meets the criteria to remain on the Nottingham Building Society conveyancing panel
- Failure to reapply to be on the Nottingham Building Society convincing panel
Nottingham Building Society panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to be reinstated on the Nottingham Building Society conveyancing panel?
- How long does the application process take when applying to be reinstated onto the Nottingham Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Nottingham Building Society panel ?
- What happens if our Nottingham Building Society panel reinstatement application is refused and our client has a mortgage offer with the Nottingham Building Society?
- Can we act for Nottingham Building Society while the appeal for reinstatement on the Nottingham Building Society panel is being assessed? How do I find out if our reinstatement appeal to the Nottingham Building Society panel is accepted?
Top Tip: The best way to avoid the hassle of seeking Nottingham Building Society panel reinstatement is to ensure that your firm is not removed off of the Nottingham 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 Nottingham Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Nottingham 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 Nottingham Building Society conveyancing panel.