Removal from the Yorkshire Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Non-compliance 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.
- Your law firm no longer meets the criteria to remain on the Yorkshire Bank conveyancing panel
- Breaches of Yorkshire Bank conveyancing panel Terms and Conditions
- Missing deadline to reapply to remain on the Yorkshire Bank convincing panel
Answers to Frequently asked questions concerning Yorkshire Bank panel reinstatement
- What will happen if our Yorkshire Bank panel reinstatement application is refused and the client of the firm has a mortgage offer with the Yorkshire Bank?
- Is there a cost to be reinstated onto the Yorkshire Bank conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Yorkshire Bank conveyancing panel?
- Am I restricted as to the number of times my law firm can submit applications to get back on the Yorkshire Bank conveyancing panel?
- Can we act for Yorkshire Bank while the application for reinstatement on the Yorkshire Bank panel is being progressed? How do I discover if our reinstatement application to the Yorkshire Bank panel is accepted?
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.