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approved by Bank of Ireland
Ready to buy a new home? Failing to check that a lawyer is on the Bank of Ireland list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Bank of Ireland (UK) plc Conveyancing Panel? How can my firm be reinstated onto the Bank of Ireland (UK) plc Conveyancing Panel?Find an Approved Solicitor on the Bank of Ireland (UK) plc Conveyancing Panel
Bank of Ireland Conveyancing Panel Recently Asked Questions
The conveyancer I had intended to instruct on a purchase said he will levy higher legal fees if my lender is due to their difficult processes! Am I likely to be frustrated using Bank of Ireland? Is Bank of Ireland conveyancing so much more difficult?
Bank of Ireland 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 Bank of Ireland conveyancing panel. If they are not, this does add further risk of delay as Bank of Ireland will appoint their own solicitors to look after their interest.
Can you help?. My lawyer is not to blame but, the conveyancing for my house purchase has been going on for months. The Local Authority Search from Bank of Ireland was dated random date and we have agreed a date for me to move into the property on 10 days inc Day of week eg. Mon. My lawyer informs me that as she is on the Bank of Ireland conveyancing panel she needs to reorder the searches as they are now out of date.
A precondition to being on the Bank of Ireland approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bank of Ireland)which states that a local authority search be not more than half a year old. You should nevertheless ask your lawyer to check whether something called ‘search validation’ indemnity insurance is acceptable to Bank of Ireland.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I understood that this was a condition of being on the Bank of Ireland conveyancing panel?
No. There is no CML Part 2 or Building Society Association requirement relating to online case tracking. Some law firms operate such technology and some don't.
My conveyancers in Manchester have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with Bank of Ireland. Is it case that being on the Bank of Ireland conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Bank of Ireland Conveyancing Panel Terms. It might be worth you contacting Bank of Ireland directly.
I had instructed online solicitors located in London who are on the Bank of Ireland solicitor panel. They have just invoiced me a separate fee of £150 for the legal aspects of the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bank of Ireland but by your lawyers. Some firms on the Bank of Ireland will charge an ‘acting for lender’ fee and others do not.
I have today made my last payment due on mortgage with Bank of Ireland. I assume I don't need a solicitor on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland,and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
but are not moving to another property
where the Bank of Ireland has sent the Land Registry the discharge electronically, and
the Bank of Ireland has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Bank of Ireland mortgage has been paid off.
I have a mortgage with Bank of Ireland. My father retired last week and wants to pay off my mortgage. After Bank of Ireland is paid, I want to transfer the property to my mother's name; How long does the process take? Do we need two separate solicitors on the Bank of Ireland conveyancing panel? I do not intend to live at the property once the Bank of Ireland mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Bank of Ireland panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
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Transfer of Equity for Bank of IrelandPlease note that Lexsure Ltd is in no way associated with nor affiliated with Lexsure Solicitors