Removal from the Nottingham Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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.
- Failure to reapply to remain on the Nottingham Building Society convincing panel
- 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.
- Significant delays in registering a charge 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.
- Breaches of Nottingham Building Society conveyancing panel requirements
Top questions concerning Nottingham Building Society panel reinstatement
- How long does the application process take when applying to revert back onto the Nottingham Building Society conveyancing panel?
- Can we act for Nottingham Building Society while the appeal for reinstatement on the Nottingham Building Society panel is being processed? How do I discover if our reinstatement appeal to the Nottingham Building Society panel is accepted?
- Do any avenues remain open if our reinstatement panel submission with Nottingham Building Society is rejected?
- What happens if our Nottingham Building Society panel reinstatement application is declined and our client has a mortgage offer with the Nottingham Building Society?
- Are you able to explain why this practice’s application for reinstatement is rejected?
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.