Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- 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.
- Recurring non-compliance with post completion requirements set by 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 subscribe.
- Your firm no longer meets the criteria to remain on the Principality Building Society conveyancing panel
Common questions about Principality Building Society conveyancing panel reinstatement
- How do I discover why this practice’s application for reinstatement was declined?
- Can this firm act for Principality Building Society while the appeal for reinstatement on the Principality Building Society panel is being reviewed? How do I discover if our reinstatement application to the Principality Building Society panel is accepted?
- What happens if our Principality Building Society panel reinstatement application is turned down and our client has a mortgage application with the Principality Building Society?
- Is there a fee to revert back onto the Principality Building Society conveyancing panel?
- Am I restricted as to the number of occasions my firm can apply to get back 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 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.