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
- Breaches of Principality Building Society conveyancing panel Terms and Conditions
- Missing deadline to reapply to remain on the Principality Building Society convincing panel
- Failure to act in accordance 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.
- Recurring 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.
Top questions concerning Principality Building Society panel reinstatement
- What are the consequences 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?
- Can this firm act for Principality Building Society while the application for reinstatement on the Principality Building Society panel is being assessed? How do I discover if our reinstatement appeal to the Principality Building Society panel is approved?
- What is the application protocol to revert back onto the Principality Building Society conveyancing panel?
- Is there a charge to revert back onto the Principality Building Society conveyancing panel?
- How long does the application process take 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.