Ulster Bank Solicitor Panel Example Support Desk Enquires from members of the public
A solicitor I had intended to instruct on a purchase said he will levy higher legal fees if my lender is because of their difficult processes! Will I regret using Ulster Bank? Any comments will be appreciated
Ulster Bank conveyancing requirements for their panel are no better or no more complicated than most lenders.
It is the case now the CML Handbook, the "bible" used by solicitors to establish lender requirements, is different for each lender.
It is not clear if your lawyer is on the Ulster Bank conveyancing panel. If they are not, this does add further risk of delay as Ulster Bank will appoint their own solicitors to look after their interest.
My partner and I are refinancing our penthouse with Ulster Bank. We have a son 18 who lives with us. The solicitor on the Ulster Bank conveyancing panel requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Ulster Bank conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Ulster Bank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Ulster Bank .This is solely used to protect the Ulster Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Ulster Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am looking for conveyancing quotes online. Can I be sure that all the law firms that are listed on your site are on the Ulster Bank conveyancing panel?
The law firms on our directory have advised us that they are on the Ulster Bank panel and agreed to advise us to take down their listing in the event of removal off of the Ulster Bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Ulster Bank conveyancing panel is not accurate.
I am considering applying for a Ulster Bank mortgage for purchase of a newly converted (under development) with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Ulster Bank?
In theory, you could use a solicitor that is not on Ulster Bank conveyancing panel, but Ulster Bank would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Do the majority of lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Ulster Bank conveyancing panel requirements are different to Ulster Bank’s conveyancing panel requirements.
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 in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? 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.
We are are taking a long lease of a flat in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My colleaguesuggested that we check that the property lawyer in Hendon is on the Ulster Bank list of approved conveyancing firms. Surely I don't need to do this, do I?
It is not that case that all Hendon conveyancing practices are on the Ulster Bank conveyancing panel. 5 people a month use our search tool to search for a Hendon conveyancing solicitor on the on the Ulster Bank panel.