Q and A’s regarding the Ulster Bank Solicitor Panel from members of the public
My IFA has asked me for my law firm’s panel reference for the Ulster Bank conveyancing panel. Can you suggest how I obtain this. I have called my local Ulster Bank office but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Ulster Bank.
Our conveyancer has identified a problem with the lease for the apartment we are purchasing. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that as he is on the Ulster Bank conveyancing panel he must check that the lender is happy with this solution. Are we the client or is Ulster Bank?
Just because you have a mortgage offer from Ulster Bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Ulster Bank are the client. The appropriate lender requirements must be adhered to by the Ulster Bank conveyancing panel who has to balance acting for you and Ulster Bank
Are there any apps to help search for a local solicitor on the Ulster Bank conveyancing panel? I have a car and am prepared to travel up to 25 kilometers to meet the conveyancer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Ulster Bank solicitor panel.
I am considering applying for a Ulster Bank mortgage for purchase of a new build (under development) with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Ulster Bank?
There is nothing to stop you using your solicitor but Ulster Bank will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
When it comes to lenders such as Ulster Bank do lawyers have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We were going to get a DIP from Ulster Bank this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Ulster Bank recommend a solicitor on the Ulster Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Ulster Bank conveyancing panel. The solicitor represents both you and the Ulster Bank through the process.
Intending to buy a flat with a mortgage with Ulster Bank. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Ulster Bank conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Ulster Bank conveyancing panel
