Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Failure to act in accordance with the Ulster Bank panel terms, the written instructions that Ulster Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Ulster Bank may subsequently adopt.
- Your firm no longer meets the criteria to remain on the Ulster Bank conveyancing panel
- Significant delays in post completion requirements set by Ulster Bank
- Missing deadline to reapply to be on the Ulster Bank convincing panel
- Breaches of Ulster Bank conveyancing panel requirements
Answers to Frequently asked questions concerning Ulster Bank panel reinstatement
- What are the next steps open to me if our Ulster Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Ulster Bank?
- Is there a fee to be reinstated onto the Ulster Bank conveyancing panel?
- Can we act for Ulster Bank while the appeal for reinstatement on the Ulster Bank panel is being progressed? How do I find out if our reinstatement appeal to the Ulster Bank panel is accepted?
- Does the COLP in my firm need to complete the reinstatement application to the Ulster Bank panel ?
- Am I restricted as to the number of occasions my practice can apply to get back on the Ulster Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Ulster Bank panel reinstatement is to ensure that your firm is not removed off of the Ulster Bank 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 Ulster Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Ulster Bank 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 Ulster Bank conveyancing panel.