Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Your firm fails to meet the criteria to remain on the Ulster Bank conveyancing panel
- Missing deadline to reapply to remain on the Ulster Bank convincing panel
- 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.
- Breaches of Ulster Bank conveyancing panel requirements
How can we assist? Ulster Bank panel reinstatement questions
- Is there a limit to the number of times my firm can submit applications to get back on the Ulster Bank conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Ulster Bank panel ?
- Is there a cost to be reinstated onto the Ulster Bank conveyancing panel?
- Does my practice need to apply annually to be reinstated on the Ulster Bank conveyancing panel?
- What happens if our Ulster Bank panel reinstatement application is refused and our client has a mortgage offer with the Ulster Bank?
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.