Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements set by Yorkshire Building Society
- Breaches of Yorkshire Building Society conveyancing panel requirements
- 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.
- 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 subscribe.
- Missing deadline to reapply to remain on the Yorkshire Building Society convincing panel
Yorkshire Building Society panel reinstatement : questions that we get asked
- Can we act for Yorkshire Building Society while the appeal for reinstatement on the Yorkshire Building Society panel is being assessed? How do I find out if our reinstatement application to the Yorkshire Building Society panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Yorkshire Building Society panel ?
- Are you able to explain why my firm’s application for reinstatement is turned down?
- What times frames are involved when applying to revert back onto the Yorkshire Building Society conveyancing panel?
- To what extent is my firm permanently excluded if our reinstatement panel submission with Yorkshire Building Society is rejected?
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 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 Building Society conveyancing panel.