Ulster Bank Conveyancing Panel Information

This not something that the CML would traditionally get involved with however they do arrange numerous general legal related conferences which are attended by firms on the Ulster Bank conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Ulster Bank’s Part 2 requirements. Law firms on the Ulster Bank conveyancing panel are welcome. Further details will be communicated as part of the LENDERmonitor Alerts.

We are not aware of any intention on the part of the CML to develop such a tool.

You might expect Ulster Bank via their Part 2 conditions to address this but the Handbook is silent on time frames. You need to look at the Terms of Ulster Bank’s Conveyancing Panel Appointment that you previously signed. For many lender's these Terms include a provision along the following lines: ‘To keep us informed of the reasons for any delay in your being able to send the title deeds and documents we require to us within 3 months of completion or evidence of proof of registration within that period. (We will send reminders if the deeds have not been received but will not acknowledge receipt of deeds’ It is important to keep Ulster Bank updated. Law firms can often compound their problems by not communicating with the lender when there is a delay or problem.

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

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

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 would be advised to communicate with Ulster Bank to obtain standard documents. The CML Handbook has a specific question for lenders to establish who to contact to obtain standard documents. Ulster Bank in their Part 2’s state: Always remember to disclose your Ulster Bank conveyancing panel reference.