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

  • Your law firm fails to meet the criteria to remain on the Principality Building Society conveyancing panel
  • 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.
  • Recurring delays in post completion requirements set by Principality Building Society
  • Failure to reapply to remain 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.

Principality Building Society Conveyancing Panel Reinstatement: Common Questions

  • What times frames are involved when applying to revert back onto the Principality Building Society conveyancing panel?
  • What is the application procedures to revert back onto the Principality Building Society conveyancing panel?
  • Does the COLP in my firm need to sign the reinstatement application to the Principality Building Society panel ?
  • Do any avenues remain open if our reinstatement panel submission with Principality Building Society is refused?
  • Does my practice need to apply annually to remain on 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 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.

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