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 fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your law firm fails to meet the criteria to remain on the Yorkshire Building Society conveyancing panel
- 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.
- Significant 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.
- Failure to reapply to remain on the Yorkshire Building Society convincing panel
Yorkshire Building Society panel reinstatement : You have questions, we have answers
- Who should complete the reinstatement application to the Yorkshire Building Society panel ?
- How long does the application process take when applying to revert back onto the Yorkshire Building Society conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Yorkshire Building Society conveyancing panel?
- Please can you set out the application protocol to revert back onto the Yorkshire Building Society conveyancing panel?
- Can this firm 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 appeal to the Yorkshire Building Society panel is accepted?
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.