Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Ulster Bank 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.
- Non-compliance with the Ulster Bank panel requirements, the written instructions that Ulster Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Ulster Bank may subsequently adopt.
- Your firm fails to meet the criteria to remain on the Ulster Bank conveyancing panel
- Recurring delays in registering a charge on behalf of Ulster Bank Delays or failure to register the Ulster Bank charge may result in referral to external lawyers of Ulster Bank to complete outstanding requirements.
- Persistent delays in post completion requirements set by Ulster Bank
Questions Ulster Bank panel reinstatement firms ask us
- Is there a charge to revert back onto the Ulster Bank conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Ulster Bank is turned down?
- Am I restricted as to the number of occasions my firm can submit applications to get back on the Ulster Bank conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Ulster Bank conveyancing panel?
- Is it possible to find out our application for reinstatement is refused?
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.