Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated

  • Your practice fails to meet the criteria to remain on the Principality Building Society conveyancing panel
  • Recurring delays in post completion requirements set by Principality Building Society
  • Breaches of Principality Building Society conveyancing panel requirements
  • Failure to reapply to remain on the Principality Building Society convincing panel
  • Principality 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.

Principality Building Society Conveyancing Panel Reinstatement: Common Questions

  • What are our options if my firm’s reinstatement panel submission with Principality Building Society is rejected?
  • What is the application procedures to revert back onto the Principality Building Society conveyancing panel?
  • Is there a limit to the number of times my law firm can submit applications to get back on the Principality Building Society conveyancing panel?
  • Is there a charge to revert back onto the Principality Building Society conveyancing panel?
  • What are the next steps open to me if our Principality Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Principality Building Society?

Top Tip: The best way to avoid the hassle of seeking Principality Building Society panel reinstatement is to ensure that your firm is not removed off of the Principality 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 Principality Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Principality 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 Principality Building Society conveyancing panel.

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