Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Ulster Bank conveyancing panel
- Failure to reapply to remain on the Ulster Bank convincing panel
- Non-compliance with the Ulster Bank panel terms, 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 subscribe.
- Recurring delays in post completion requirements on behalf of Ulster Bank
- 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
- What happens if our Ulster Bank panel reinstatement application is turned down and our client has a mortgage offer with the Ulster Bank?
- Is it the practice manager who is required to complete the reinstatement application to the Ulster Bank panel ?
- Does my practice need to apply annually to be reinstated on the Ulster Bank conveyancing panel?
- Can you outline the application process to revert back onto the Ulster Bank conveyancing panel?
- Am I restricted as to the number of occasions my firm can apply 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.