Removal from the Yorkshire Bank and other lender panels: Why they do it and how to get reinstated

  • Recurring delays in registering security on behalf of Yorkshire Bank Delays or failure to register the Yorkshire Bank charge may result in referral to external lawyers of Yorkshire Bank to complete outstanding requirements.
  • Non-compliance with the Yorkshire Bank panel terms, the written instructions that Yorkshire Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Yorkshire Bank may subsequently subscribe.
  • Yorkshire Bank 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.
  • Breaches of Yorkshire Bank conveyancing panel Terms and Conditions
  • Persistent non-compliance with post completion requirements set by Yorkshire Bank

FAQs : Yorkshire Bank Conveyancing panel reinstatement

  • What are the consequences if our Yorkshire Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Yorkshire Bank?
  • Is there a limit to the amount of times my practice can apply to get back on the Yorkshire Bank conveyancing panel?
  • Does the COLP in my firm need to complete the reinstatement application to the Yorkshire Bank panel ?
  • Can this firm act for Yorkshire Bank while the application for reinstatement on the Yorkshire Bank panel is being reviewed? How do I discover if our reinstatement appeal to the Yorkshire Bank panel is accepted?
  • Can we appeal if our application for reinstatement was declined?

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 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 Yorkshire Bank conveyancing panel.

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