Ulster Bank Conveyancing Panel Information

The Council of Mortgage Lenders do not maintain historic copies of the Part 2's pre-December 2010. The CML recommend you contact Ulster Bank directly.

Lexsure has not been advised of any intention on the part of the CML to develop such a tool.

The Council of Mortgage Lenders, together with Ulster Bank and other lenders developed a standard set of instructions where a conveyancer is acting for a lender such as Ulster Bank alone in a residential conveyancing transaction. These obligations are contained at Part 3 of the UK Finance Lenders’ Handbook and are to be read together with Part I and II. The CML have published an example requirements letter to the borrower’s conveyancer for adaptation by the lender's conveyancer, and sets out to the borrower's conveyancer, the documentary and information requirements of the lender's panel lawyer.

The CML Part II requirements of Ulster Bank are silent on this. Most mortgage companies address the question of file retention via their Terms of panel appointment where they generally provide that for evidential purposes, the firm must keep the file for a minimum six years from the date of the mortgage. Data imagining is normally suitable compliance with this requirement. Many lenders point out in that it is the practice of some fraudsters to demand the conveyancing file on completion in order to destroy evidence that may later be used against them. It is therefore important to retain these documents to protect Ulster Bank’s interest. To be absolutely sure of Ulster Bank requirements in this regard please check the Terms and Conditions of Ulster Bank’s conveyancing panel acceptance.

Your insurance brokers are your best port of call to address this question. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Ulster Bank solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.

You should get in touch with Ulster Bank to obtain standard documents. The The Council of Mortgage Lenders Handbook incorporates an express question for banks to set out who to contact to obtain standard documents. Ulster Bank in their Part 2’s state: Don’t forget to disclose your Ulster Bank conveyancing panel number.