Ulster Bank Conveyancing Panel : Questions and Answers
from members of the public
My lawyer is not on the Ulster Bank Solicitor Panel. Is it possible for me to retain my preferred solicitor even though they are excluded from the Ulster Bank panel of approved conveyancing solicitors?
You have a number of options available to you here:
- Complete the purchase with your existing solicitors but Ulster Bank will need to instruct a lawyer on the Ulster Bank conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Ulster Bank conveyancing panel.
- Urge your lawyer to apply to join the Ulster Bank lender panel
I am purchasing a new build flat and my lawyer is informing me that she is duty bound to disclose incentives from the seller as her practice is on the Ulster Bank conveyancing panel. I am nearing the developer’s deadline to exchange contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Ulster Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Ulster Bank). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am looking to buy a house and require a conveyancing solicitor in Manchester who is on the Ulster Bank conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Ulster Bank . We don’t recommend any particular firm.
The firm that I appointed last week on my purchase in Brighton has without warning shut down. They were on acting for me because I needed a firm on the Ulster Bank conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Ulster Bank conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help
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
I had an offer accepted on a property on the 5th March 2014, valuation was booked 4 days later, received a clean bill of health. Property lawyer instructed, so all that was missing was my mortgage offer. Having made daily calls to Ulster Bank and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Ulster Bank conveyancing panel. Are Ulster Bank entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Ulster Bank to deal with your lawyers application to be on the Ulster Bank conveyancing panel. There's no guarantee that your solicitors will be accepted.
My offer on house has been accepted, but there is a chain. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My conveyancing solicitor has been instructed. What do I do now? When should I get the mortgage app going with Ulster Bank?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Ulster Bank conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Ulster Bank and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.