Removal from the Nottingham Building Society and other lender panels: Why they do it and how to get reinstated
- Nottingham 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.
- Your practice no longer meets the criteria to remain on the Nottingham Building Society conveyancing panel
- Significant delays in post completion requirements set by Nottingham Building Society
- Breaches of Nottingham Building Society conveyancing panel requirements
- Failure to act in accordance with the Nottingham Building Society panel requirements, the written instructions that Nottingham Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Nottingham Building Society may subsequently subscribe.
Answers to Frequently asked questions concerning Nottingham Building Society panel reinstatement
- Can we appeal if my firm’s application for reinstatement was rejected?
- What will happen if our Nottingham Building Society panel reinstatement application is turned down and the client of the firm has a mortgage application with the Nottingham Building Society?
- Can this firm act for Nottingham Building Society while the appeal for reinstatement on the Nottingham Building Society panel is being reviewed? How do I find out if our reinstatement appeal to the Nottingham Building Society panel is approved?
- Can you outline the application procedures to revert back onto the Nottingham Building Society conveyancing panel?
- How long does the application process take when applying to revert back onto the Nottingham Building Society conveyancing panel?
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 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 Nottingham Building Society conveyancing panel.