Removal from the Nottingham Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Nottingham Building Society panel terms, 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 adopt.
- Missing deadline to reapply to be on the Nottingham Building Society convincing panel
- Your practice fails to meet the criteria to remain on the Nottingham Building Society conveyancing 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 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.
Common queries about Nottingham Building Society conveyancing panel reinstatement
- Am I restricted as to the number of times my practice can submit applications to get back on the Nottingham Building Society conveyancing panel?
- Is there a cost to revert back onto the Nottingham Building Society conveyancing panel?
- What are the consequences if our Nottingham Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Nottingham Building Society?
- Do any avenues remain open if our reinstatement panel application with Nottingham Building Society is refused?
- Can we act for Nottingham Building Society while the application for reinstatement on the Nottingham Building Society panel is being assessed? How do I know if our reinstatement application to the Nottingham Building Society panel is approved?
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.