Ulster Bank Conveyancing Panel Compliance Audit

You can wait for Ulster Bank to request your files or you can ask Lexsure to do a Ulster Bank panel compliance conveyancing audit.

Ulster Bank is in all likelihood, one of your most important clients for conveyancing work.

Are you 100% sure that you are complying with the instructions as a firm on the Ulster Bank conveyancing panel?

It’s not a bad idea to bring in your own external auditors who may conduct your CQS audits but Lexsure stand alone in being able to carry out a comprehensive lender panel compliance audit for your conveyancing files where Ulster Bank are the lender.

Lexsure’s comprehensive bank of Ulster Bank Handbook instructions enables us to analyse a law firms’ conveyancing cases whilst on the Ulster Bank conveyancing panel retrospectively and in the similar manner Ulster Bank would.

Our panel of expert assessors independently review using propriety templates and Lender obligation archives whether each conveyancing matter breached your contractual obligations when the CoT was completed.

For conveyancing firms where their search provider is not offering the service, our costs is £1,975+VAT. Lexsure will audit eight remortgage or purchase files involving Ulster Bank, which we can stratify by tenure (e.g. leasehold) date or a multitude characteristics.

At the end of the audit, we will present you with a full written findings for your cases with Ulster Bank and a baseline risk summary. We will also meet with you to go through our auditor’s findings and recommendations in a formal debrief. Audit follow-up will occur. Our office will contact the COLP to request the status of planned actions. No more than two lender conveyancing panel audits may be requested by a firm per annum.

Lexsure’s Conveyancing Audit Scheduling System (LCASS) enables your firm to choose the date, time and location of a Ulster Bank conveyancing panel compliance audit. The system is available 24/7, which eliminates most instances where you have to wait for business hours to contact Lexsure to schedule or reschedule a Ulster Bank panel compliance file audit. Please note that before accepting a Ulster Bank conveyancing panel compliance file audit we have to conduct a conflict check. It may not be possible for Lexsure to agree to a Ulster Bank panel Part 2 compliance review

Ulster Bank Conveyancing File Audits : Ask Us Anything


I seldom get sent a copy valuation from a lender these days. Do my Ulster Bank conveyancing panel obligations extend to checking the valuation details where I am acting on a purchase with Ulster Bank as the lender?

Every conveyancing lawyer must check the Handbook requirements for Ulster Bank in this regard.

What level of experience do the auditors have who conduct Lexsure Lender Compliance Audits?

Designated auditors have at least twenty five years conveyancing experience (pre-dating the CML Lenders’ Handbook, The UK Finance Lenders' Handbook and BSA Handbook)

How long will I need to wait before I receive my written report to run through with my fellow directors following an audit of our firm's Ulster Bank panel conveyancing files?

The intention is to issue a written report within ten working days of an audit.

Why would my firm consider a Ulster Bank handbook compliance audit?

Lexsure often talk with Ulster Bank conveyancing panel companies who express confidence that they have comprehensive compliance protocols. Yet Lexsure sees common breaches of the lender Handbook requirements. In fact, we have yet to complete a single audit that didn’t reveal any breaches. An adverse externally-commissioned audit by a lender could result in an insurance claim or removal from a panel. Breaches of handbook requirements for Ulster Bank or any lender leaves you open to costly and damaging claims if the lender suffers a loss and even disciplinary action by your regulator. Lexsure’s lender compliance audits are an efficient way to ensure there aren’t costly skeletons in your conveyancing cupboard.

This firm is on the Ulster Bank conveyancing panel and we handle both purchases and remortgage cases. Would your audit cover both types of translation types?

Yes