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 requirements
- Non-compliance 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.
- Missing deadline to reapply to remain on the Ulster Bank convincing panel
- Your firm no longer meets the criteria to remain on the Ulster Bank conveyancing panel
Ulster Bank panel reinstatement : questions that we get asked
- Can we appeal if our application for reinstatement was refused?
- Does my practice need to apply annually to be reinstated on the Ulster Bank conveyancing panel?
- What times frames are involved when applying to revert back onto the Ulster Bank conveyancing panel?
- Am I restricted as to the number of occasions my law firm can submit applications to be reinstated on the Ulster Bank conveyancing panel?
- Is it the practice manager who is required to 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 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.