Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- Missing deadline to reapply to remain on the Principality Building Society convincing panel
- Your practice no longer meets the criteria to remain on the Principality Building Society conveyancing panel
- 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.
- Breaches of Principality Building Society conveyancing panel requirements
- Non-compliance with the Principality Building Society panel terms, 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.
Frequently asked questions concerning Principality Building Society panel reinstatement
- How do I discover why our application for reinstatement was declined?
- To what extent is my firm permanently excluded if our reinstatement panel application with Principality Building Society is refused?
- Is there a limit to the amount of times my firm can submit applications to be reinstated on the Principality Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Principality Building Society panel ?
- How long does the application process take when applying 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.