Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant 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.
- Breaches of Principality Building Society conveyancing panel Terms and Conditions
- Your law firm 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 panel reinstatement : questions that we get asked
- How long does the application process take when applying to revert back onto the Principality Building Society conveyancing panel?
- Can we act for Principality Building Society while the application for reinstatement on the Principality Building Society panel is being progressed? How do I know if our reinstatement application to the Principality Building Society panel is accepted?
- Who should sign the reinstatement application to the Principality Building Society panel ?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Principality Building Society is rejected?
- Can you outline the application process 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 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.