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
  • 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 provides false answers in its application form or in relation to any future requests for information.
  • Breaches of Principality Building Society conveyancing panel requirements
  • Persistent delays in registering security 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 panel reinstatement: Five Common Questions

  • What are the consequences if our Principality Building Society panel reinstatement application is refused and our client has a mortgage offer with the Principality Building Society?
  • Is it the practice manager who is required to sign the reinstatement application to the Principality Building Society panel ?
  • Can you outline the application protocol to revert back onto the Principality Building Society conveyancing panel?
  • Is there a charge to be reinstated onto the Principality Building Society conveyancing panel?
  • What times frames are involved when applying to be reinstated 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 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.

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