Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated

  • Missing deadline to reapply to remain on the Ulster Bank convincing panel
  • Significant delays in registering security 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.
  • Your law firm fails to meet the criteria to remain on the Ulster Bank conveyancing panel
  • Ulster Bank 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.
  • Failure to act in accordance 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.

Ulster Bank panel reinstatement: Five Common Questions

  • To what extent is my firm permanently excluded if our reinstatement panel submission with Ulster Bank is turned down?
  • Is there a fee to revert back onto the Ulster Bank conveyancing panel?
  • What happens if our Ulster Bank panel reinstatement application is turned down and the client of the firm has a mortgage application with the Ulster Bank?
  • Please can you set out the application process to revert back onto the Ulster Bank conveyancing panel?
  • Is it possible to find out our application for reinstatement was turned down?

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.

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