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

  • Leeds 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.
  • Non-compliance 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 adopt.
  • 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.
  • Breaches of Leeds Building Society conveyancing panel requirements
  • Missing deadline to reapply to remain on the Leeds Building Society convincing panel

Leeds Building Society panel reinstatement: Five Common Questions

  • Is there a cost to revert back onto the Leeds Building Society conveyancing panel?
  • Can we act for Leeds Building Society while the appeal for reinstatement on the Leeds Building Society panel is being progressed? How do I discover if our reinstatement application to the Leeds Building Society panel is approved?
  • What happens if our Leeds Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Leeds Building Society?
  • Am I restricted as to the amount of occasions my law firm can apply to be reinstated on the Leeds Building Society conveyancing panel?
  • Is it the practice manager who is required to sign the reinstatement application to the Leeds Building Society 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.

Related Pages