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Ulster Bank online loan pack
Following representations made by the Conveyancing Committee, Ulster Bank recently confirmed that the bank would issue solicitors’ loan packs in hard copy by post to solicitors’ offices from 9 April 2018 onward.
The committee welcomes this development. Discussions are ongoing with Ulster Bank to ensure full compliance with the certificate of title system.
The committee confirms its position on emailed or online loan packs as set out in its practice note published in the July 2016 eZine. Any future move to electronic loan packs in residential mortgage lending will be as part of a coordinated and agreed revision of the certificate of title system in conjunction with Banking Payments Federation Ireland on behalf of all their lender members.
