Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated

  • 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 adopt.
  • Failure to reapply to be on the Principality Building Society convincing panel
  • Breaches of Principality Building Society conveyancing panel Terms and Conditions
  • 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.
  • 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.

Principality Building Society Conveyancing Panel Reinstatement: Common Questions

  • Is it the practice manager who is required to sign the reinstatement application to the Principality Building Society panel ?
  • Are you able to explain why our application for reinstatement is turned down?
  • Is there a limit to the number of occasions my practice can apply to be reinstated on the Principality Building Society conveyancing panel?
  • How often will this firm be required to re-apply to be reinstated on the Principality Building Society conveyancing panel?
  • To what extent is my firm permanently excluded if our reinstatement panel submission with Principality Building Society is rejected?

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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