Removal from the Leeds Building Society and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to be on the Leeds Building Society convincing panel
- Leeds 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.
- Breaches of Leeds Building Society conveyancing panel requirements
- Persistent delays in registering a charge on behalf of Leeds Building Society Delays or failure to register the Leeds Building Society charge may result in referral to external lawyers of Leeds Building Society to complete outstanding requirements.
- Failure to act in accordance with the Leeds Building Society panel terms, the written instructions that Leeds Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Leeds Building Society may subsequently subscribe.
Leeds Building Society panel reinstatement : questions that we get asked
- Is there a limit to the number of times my law firm can apply to get back on the Leeds Building Society conveyancing panel?
- Is the door firmly shut if my firm’s reinstatement panel application with Leeds Building Society is rejected?
- Is there a fee to revert back onto the Leeds Building Society conveyancing panel?
- Is it the practice manager who is required to complete the reinstatement application to the Leeds Building Society panel ?
- How often will this firm be required to re-apply to be reinstated on the Leeds Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Leeds Building Society panel reinstatement is to ensure that your firm is not removed off of the Leeds 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 Leeds Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Leeds 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 Leeds Building Society conveyancing panel.