Removal from the Yorkshire Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Recurring delays in post completion requirements on behalf of Yorkshire Bank
- Breaches of Yorkshire Bank conveyancing panel Terms and Conditions
- Your firm no longer meets 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.
Yorkshire Bank panel reinstatement : You have questions, we have answers
- Can this firm act for Yorkshire Bank while the application for reinstatement on the Yorkshire Bank panel is being assessed? How do I know if our reinstatement application to the Yorkshire Bank panel is approved?
- How long does the application process take when applying to be reinstated onto the Yorkshire Bank conveyancing panel?
- Is there a fee to revert back onto the Yorkshire Bank conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Yorkshire Bank is rejected?
- Is there a limit to the number of times my firm can apply to get back 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.