Information for solicitors and conveyancers
This page contains supporting information for legal practitioners carrying out conveyancing work for Principality customers. They give details supporting the Society's requirements regarding investigation of title, registration and mortgage redemptions.
- Release of advance funds
- Certificate of title
- Return of advance funds
- Panel management
- Redemption requests
Release of advance
We will release advance monies via CHAPS transfer to your nominated bank account as stated on the Certificate of Title (COT). You can help us in this matter by ensuring that your bank details are always fully completed on the COT.
I need to change the bank details on the COT
If you find that your bank details on the COT are no longer valid, you can change them by sending a letter on headed paper and signed by a Solicitors Regulation Authority (SRA) approved manager, confirming the correct details.
You should email this to us at the following address: email@example.com.
Certificate of Title submission in good time for completion
We require at least 3 working days notice of the completion date to enable payment to be set up.
The Certificate of Title (COT) can be emailed to firstname.lastname@example.org. You will then receive an automated response confirming receipt of the COT, which gives you reassurance that the funds will be sent in time for completion.
What if completion is delayed?
If completion is delayed, but will occur within two working days of receipt of funds you don’t need to inform us.
If completion is delayed beyond two working days of issue, please send the funds back electronically. Funds must be returned after two days regardless of the expiry date within the Mortgage offer.
Please note that completion must take place on or before the date the offer expires. If you require a further extension, please contact us via the following email address email@example.com with the following information:
- Estimated completion date
- Reason for extension
If you need to return the advance
To return funds by CHAPS please use the following details:
- Sort code – 201823
- Account – 70653497
When returning advances please ensure you reference the mortgage offer number.
How do I join your panel
If you wish to be considered for our panel, please use the following link to ULS technology: panelapplications.ulst.co.uk.
ULS manage our panel of solicitors and licenced conveyancers and all registration queries are dealt by them. ULS can be contacted on 01844 390821.
Requesting a redemption
You should send your redemption request to firstname.lastname@example.org.
If redemption is due within the next 5 working days please call us on the number given below.
Payments should be made by CHAPS or Direct Credit quoting the redemption reference number, which can be found on the redemption statement.
Our bank details are as follows:
- Sort code – 201823
- Account number - 10595071
Early Repayment Charges
Early Repayment Charges will only be waived if the following criteria are met:
- Simultaneous completion occurs
- The new loan amount is higher or equivalent to the loan amount on the redeeming mortgage
- The new loan has retained the mortgage product of the mortgage being redeemed
If you require further information please call us on the number given below.
Useful links for legal practitioners
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- Members can access a Member Rewards page featuring competitions, discounts and more.
Contact the team
The above information should answer most of your queries but, if you need to contact the team, you can call us on 0330 333 4029
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