Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Persistent 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.
- 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 subscribe.
- Missing deadline to reapply to be on the Ulster Bank convincing panel
- Breaches of Ulster Bank conveyancing panel requirements
- 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.
Ulster Bank panel reinstatement : You have questions, we have answers
- Is the door firmly shut if my firm’s reinstatement panel submission with Ulster Bank is rejected?
- Does my practice need to apply annually to remain on the Ulster Bank conveyancing panel?
- Can we act for Ulster Bank while the appeal for reinstatement on the Ulster Bank panel is being assessed? How do I discover if our reinstatement application to the Ulster Bank panel is accepted?
- Can we appeal if my firm’s application for reinstatement was declined?
- Who should sign the reinstatement application to the Ulster Bank 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.