Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- Breaches of Principality Building Society conveyancing panel requirements
- Your law firm no longer meets the criteria to remain on the Principality Building Society conveyancing panel
- Recurring delays in registering a charge on behalf of Principality Building Society Delays or failure to register the Principality Building Society charge may result in referral to external lawyers of Principality Building Society to complete outstanding requirements.
- Significant non-compliance with post completion requirements on behalf of Principality Building Society
- Non-compliance with the Principality Building Society panel requirements, the written instructions that Principality Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Principality Building Society may subsequently adopt.
Principality Building Society panel reinstatement : You have questions, we have answers
- What happens if our Principality Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Principality Building Society?
- Does the COLP in my firm need to sign the reinstatement application to the Principality Building Society panel ?
- What times frames are involved when applying to be reinstated onto the Principality Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Principality Building Society conveyancing panel?
- Am I restricted as to the number of occasions my law firm can apply to be reinstated on the Principality Building Society conveyancing panel?
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 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 Principality Building Society conveyancing panel.