Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Yorkshire Building Society 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.
- Persistent delays in registering security 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.
- Persistent non-compliance with post completion requirements set by Yorkshire Building Society
- Failure to act in accordance with the Yorkshire Building Society panel terms, the written instructions that Yorkshire Building Society give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Yorkshire Building Society may subsequently adopt.
- Your firm fails to meet the criteria to remain on the Yorkshire Building Society conveyancing panel
FAQs : Yorkshire Building Society Conveyancing panel reinstatement
- Does my practice need to apply annually to be reinstated on the Yorkshire Building Society conveyancing panel?
- Is there a cost to be reinstated onto 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 application with the Yorkshire Building Society?
- Is it the practice manager who is required to complete the reinstatement application to the Yorkshire Building Society panel ?
- Can we act for Yorkshire Building Society while the appeal for reinstatement on the Yorkshire Building Society panel is being reviewed? How do I find out if our reinstatement application to the Yorkshire Building Society panel is approved?
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.