Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Yorkshire Building Society conveyancing panel
- Failure to reapply to remain on the Yorkshire Building Society convincing panel
- 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 adopt.
- Persistent non-compliance with post completion requirements set by Yorkshire Building Society
Yorkshire Building Society Conveyancing Panel Reinstatement: Common Questions
- How often will this firm be required to re-apply to remain on the Yorkshire Building Society conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Yorkshire Building Society panel ?
- What will happen 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?
- Is there a cost to be reinstated onto the Yorkshire Building Society conveyancing panel?
- Am I restricted as to the number of occasions my firm can apply to be reinstated 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.