Removal from the Yorkshire Bank and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Yorkshire Bank conveyancing panel
- Failure to reapply to be on the Yorkshire Bank convincing panel
- Persistent non-compliance with post completion requirements set by Yorkshire Bank
- Failure to act in accordance with the Yorkshire Bank panel requirements, the written instructions that Yorkshire Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Yorkshire Bank may subsequently adopt.
- Yorkshire Bank 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.
Common queries about Yorkshire Bank conveyancing panel reinstatement
- Is there a charge to be reinstated onto the Yorkshire Bank conveyancing panel?
- Can we act for Yorkshire Bank while the appeal for reinstatement on the Yorkshire Bank panel is being assessed? How do I know if our reinstatement appeal to the Yorkshire Bank panel is accepted?
- Can we appeal if this practice’s application for reinstatement was rejected?
- What will happen if our Yorkshire Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Yorkshire Bank?
- What times frames are involved when applying to be reinstated onto the Yorkshire Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Yorkshire Bank panel reinstatement is to ensure that your firm is not removed off of the Yorkshire Bank 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 Yorkshire Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Yorkshire Bank 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 Yorkshire Bank conveyancing panel.