Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Principality Building Society convincing panel
- Persistent delays in post completion requirements on behalf of Principality Building Society
- Principality 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.
- Non-compliance with the Principality Building Society panel terms, the written instructions that Principality Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Principality Building Society may subsequently subscribe.
- Your law firm no longer meets the criteria to remain on the Principality Building Society conveyancing panel
Principality Building Society panel reinstatement: Five Common Questions
- How long does the application process take when applying to revert back onto the Principality Building Society conveyancing panel?
- Am I restricted as to the number of times my law firm can apply to be reinstated on the Principality Building Society conveyancing panel?
- Is it possible to find out this practice’s application for reinstatement is refused?
- Is it the practice manager who is required to sign the reinstatement application to the Principality Building Society panel ?
- Is there a fee to revert back onto 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 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.