Removal from the Yorkshire Building Society and other lender panels: Why they do it and how to get reinstated
- Significant non-compliance with post completion requirements set by Yorkshire Building Society
- Breaches of Yorkshire Building Society conveyancing panel Terms and Conditions
- Failure to act in accordance with the Yorkshire Building Society panel requirements, 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.
- Your practice no longer meets the criteria to remain on the Yorkshire Building Society conveyancing panel
- Significant 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.
FAQs : Yorkshire Building Society Conveyancing panel reinstatement
- Is there a limit to the number of occasions my law firm can submit applications to get back on the Yorkshire Building Society conveyancing panel?
- Can we appeal if this practice’s application for reinstatement is declined?
- What is the application protocol to revert back onto 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 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 ?
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.