Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Non-compliance 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 practice no longer meets the criteria to remain on the Yorkshire Building Society conveyancing panel
- Breaches of Yorkshire Building Society conveyancing panel requirements
- Persistent 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.
- 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.
Yorkshire Building Society panel reinstatement : You have questions, we have answers
- Can we appeal if our application for reinstatement was refused?
- What is the application protocol to revert back onto the Yorkshire Building Society conveyancing panel?
- Is there a limit to the amount of occasions my law firm can apply to be reinstated on the Yorkshire Building Society conveyancing panel?
- What will happen if our Yorkshire Building Society panel reinstatement application is declined and the client of the firm has a mortgage offer with the Yorkshire Building Society?
- Who should sign the reinstatement application to the Yorkshire Building Society 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.