Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Recurring delays in registering a charge on behalf of Yorkshire Building Society Delays or failure to register the Yorkshire Building Society charge may result in referral to external lawyers of Yorkshire Building Society to complete outstanding requirements.
- Missing deadline to reapply to remain on the Yorkshire Building Society convincing panel
- Your practice no longer meets the criteria to remain on the Yorkshire Building Society conveyancing panel
- Persistent non-compliance with post completion requirements on behalf of Yorkshire Building Society
- Non-compliance with the Yorkshire Building Society panel terms, the written instructions that Yorkshire Building Society provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Yorkshire Building Society may subsequently subscribe.
Yorkshire Building Society panel reinstatement: Five Common Questions
- Does my practice need to apply annually to remain on the Yorkshire Building Society conveyancing panel?
- What happens if our Yorkshire Building Society panel reinstatement application is refused and the client of the firm has a mortgage offer with the Yorkshire Building Society?
- How long does the application process take when applying to revert back onto the Yorkshire Building Society conveyancing panel?
- Can this firm act for Yorkshire Building Society while the application for reinstatement on the Yorkshire Building Society panel is being processed? How do I discover if our reinstatement appeal to the Yorkshire Building Society panel is accepted?
- Am I restricted as to the amount of times my firm can apply to get back on the Yorkshire Building Society conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Yorkshire Building Society panel reinstatement is to ensure that your firm is not removed off of the Yorkshire Building Society 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 Building Society conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Yorkshire Building Society 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 Building Society conveyancing panel.