Removal from the Ulster Bank and other lender panels: Why they do it and how to get reinstated
- Significant 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.
- Missing deadline to reapply to be 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 adopt.
- Your law firm fails to meet the criteria to remain on the Ulster Bank conveyancing panel
- Recurring non-compliance with post completion requirements on behalf of Ulster Bank
Top questions concerning Ulster Bank panel reinstatement
- What are our options if my firm’s reinstatement panel submission with Ulster Bank is declined?
- Am I restricted as to the number of occasions my firm can submit applications to be reinstated on the Ulster Bank conveyancing panel?
- Can you outline the application procedures to be reinstated onto the Ulster Bank conveyancing panel?
- How often will this firm be required to re-apply to be reinstated on the Ulster Bank conveyancing panel?
- 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.