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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Significant non-compliance with post completion requirements on behalf of Leeds Building Society
- Recurring 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.
- Non-compliance with the Leeds Building Society panel requirements, the written instructions that Leeds Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Leeds Building Society may subsequently subscribe.
Common queries about Leeds Building Society conveyancing panel reinstatement
- What happens if our Leeds Building Society panel reinstatement application is rejected and the client of the firm has a mortgage application with the Leeds Building Society?
- Do any avenues remain open if our reinstatement panel submission with Leeds Building Society is rejected?
- Am I restricted as to the amount of times my law firm can submit applications to get back on the Leeds Building Society conveyancing panel?
- Is there a cost to revert back onto the Leeds Building Society conveyancing panel?
- Does the COLP in my firm need to complete 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 preferred 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.