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

  • Your law firm no longer meets the criteria to remain on the Principality Building Society conveyancing panel
  • 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.
  • Persistent non-compliance with post completion requirements on behalf of Principality Building Society
  • Breaches of Principality Building Society conveyancing panel requirements
  • 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.

Principality Building Society panel reinstatement: Five Common Questions

  • Please can you set out the application protocol to revert back onto the Principality Building Society conveyancing panel?
  • What will happen if our Principality Building Society panel reinstatement application is declined and our client has a mortgage application with the Principality Building Society?
  • Is there a limit to the amount of occasions my firm can apply to be reinstated on the Principality Building Society conveyancing panel?
  • Can we appeal if our application for reinstatement is rejected?
  • Can we act for Principality Building Society while the application for reinstatement on the Principality Building Society panel is being reviewed? How do I find out if our reinstatement application to the Principality Building Society panel is approved?

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.

Related Pages