Removal from the Yorkshire Bank and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Yorkshire Bank conveyancing panel
- 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.
- Significant 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.
- Persistent non-compliance with post completion requirements set by Yorkshire Bank
- Failure to act in accordance with the Yorkshire Bank panel terms, 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 subscribe.
Yorkshire Bank panel reinstatement : You have questions, we have answers
- Can we appeal if my firm’s application for reinstatement was declined?
- Can you outline the application protocol to be reinstated onto the Yorkshire Bank conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Yorkshire Bank panel ?
- What times frames are involved when applying to revert back onto the Yorkshire Bank conveyancing panel?
- How often will this firm be required to re-apply to remain on 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 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.