Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Ulster Bank conveyancing panel requirements
- Failure to act in accordance with the Ulster Bank panel requirements, 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.
- Persistent delays in post completion requirements set by Ulster Bank
- Missing deadline to reapply to remain on the Ulster Bank convincing panel
- Persistent 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.
Ulster Bank Conveyancing Panel Reinstatement: Common Questions
- Is there a fee to revert back onto the Ulster Bank conveyancing panel?
- What are our options if our reinstatement panel submission with Ulster Bank is declined?
- Can this firm act for Ulster Bank while the appeal for reinstatement on the Ulster Bank panel is being assessed? How do I discover if our reinstatement appeal to the Ulster Bank panel is accepted?
- What will happen if our Ulster Bank panel reinstatement application is turned down and the client of the firm has a mortgage offer with the Ulster Bank?
- Please can you set out the application protocol to revert back onto 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.