Removal from the Principality Building Society and other lender panels: Why they do it and how to get reinstated
- 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.
- Missing deadline to reapply to be on the Principality Building Society convincing panel
- 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.
- Breaches of Principality Building Society conveyancing panel Terms and Conditions
Principality Building Society Conveyancing Panel Reinstatement: Common Questions
- Are you able to explain why this practice’s application for reinstatement was turned down?
- Can you outline the application process to be reinstated onto the Principality Building Society conveyancing panel?
- Am I restricted as to the amount of times my law firm can apply to get back on the Principality Building Society conveyancing panel?
- 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 know if our reinstatement appeal to the Principality Building Society panel is approved?
- What are our options if our reinstatement panel submission with Principality Building Society is declined?
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 appointed 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.