Yorkshire Bank panel reinstatement guidance - Here to assist

Example reasons legal practices are removed from the Yorkshire Bank conveyancing panel

  1. Breaches of Yorkshire Bank conveyancing panel Terms and Conditions
  2. 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 adopt.
  3. 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.
  4. Significant delays in post completion requirements set by Yorkshire Bank
  5. Missing deadline to reapply to remain on the Yorkshire Bank convincing panel

Answers to Frequently asked questions concerning Yorkshire Bank panel reinstatement

  1. Can we act for Yorkshire Bank while the application for reinstatement on the Yorkshire Bank panel is being processed? How do I find out if our reinstatement application to the Yorkshire Bank panel is accepted?
  2. What happens if our Yorkshire Bank panel reinstatement application is rejected and the client of the firm has a mortgage application with the Yorkshire Bank?
  3. Is it possible to find out my firm’s application for reinstatement was rejected?
  4. Is the door firmly shut if our reinstatement panel submission with Yorkshire Bank is refused?
  5. How often will this firm be required to re-apply to be reinstated 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 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.