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.
  • Breaches of Ulster Bank conveyancing panel Terms and Conditions
  • Recurring non-compliance with post completion requirements set by Ulster Bank
  • 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.
  • Non-compliance 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 adopt.

FAQs : Ulster Bank Conveyancing panel reinstatement

  • Does my practice need to apply annually to remain on the Ulster Bank conveyancing panel?
  • Can we appeal if our application for reinstatement is refused?
  • Can we act for Ulster Bank while the application for reinstatement on the Ulster Bank panel is being processed? How do I find out if our reinstatement appeal to the Ulster Bank panel is approved?
  • What is the application protocol to revert back onto the Ulster Bank conveyancing panel?
  • Am I restricted as to the amount of occasions my practice can submit applications to get back on 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 appointed 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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