Ulster Bank Conveyancing Panel Information

The CML is not a regulator and therefore will not investigate grievances against lenders. You can of course contact Lexsure to see if we can help.

There are many reports available, five of which are as follows:

• Buy to Let transactions
• Disclosure/Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
• Average mortgage advance
• Evidence of undertaking logs
• Number of conveyancing cases by lender

During 2013, 72 sections of the UK Finance Lenders’ Handbook P2 were changed by Ulster Bank. Some changes are more important than others but as a firm on the Ulster Bank conveyancing panel you are of course obliged to comply with individual lender requirements, as set out in Part II of the UK Finance Lenders’ Handbook. Locktons have recently pointed out in an article that non-compliance with Part 2 requirements account for a number of high value claims, and it is therefore important to be aware of any particularly onerous terms that an individual lender may impose.

Remember: CML requirements are not guidelines; they are the lender client’s instructions.

The best placed professionals to answer this question are your insurance brokers. 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 contact Ulster Bank to obtain standard documents. The CML Handbook contains an explicit inquiry for banks to set out who to contact to obtain standard documents. Ulster Bank in their Part 2’s state: It is likely that you will need to disclose the firm’s Ulster Bank solicitors panel number.