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Ready to buy a new home? Failing to check that a lawyer is on the BOI list of approved solicitors can put your transaction at risk of delay or failure.
Find an Approved Solicitor on the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel
Common questions asked concerning the Bank of Ireland Mortgages Conveyancing Panel
I am getting a mortgage offer from Bank of Ireland Mortgages. I would like to enlist the help of a Licensed Conveyancer. Does the Bank of Ireland Mortgages Conveyancing panel exclude conveyancers regulated by the CLC
Bank of Ireland Mortgages’s conveyancing panel is, like many other lenders associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I do hope you can help me. My solicitor is informing me me that he has to apply for a Local Authority search because the firm are on the Bank of Ireland Mortgages approved lawyer panel. Do I not have a choice here?
You have limited options available to you. As you are taking a mortgage with Bank of Ireland Mortgages your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of Bank of Ireland Mortgages’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Bank of Ireland Mortgages. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do all mortgage companies provide you with an approved list of solicitors? How do you know who is on the Bank of Ireland Mortgages conveyancing panel?
The firms themselves provide us confirmation that they are on the Bank of Ireland Mortgages conveyancing panel as opposed to being supplied with a list from Bank of Ireland Mortgages directly.
My grandfather passed away 10 months ago and as sole heir and executor was left the property. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland Mortgages , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Bank of Ireland Mortgages will insist on your using a conveyancer on the Bank of Ireland Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland Mortgages mortgage is registered as a charge at the Land Registry.
When it comes to lenders such as Bank of Ireland Mortgages do lawyers have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Bank of Ireland Mortgages as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Bank of Ireland Mortgages conveyancing panel to deal with the paperwork?
Bank of Ireland Mortgages do not ordinarily instruct firms on their approved list of lawyers to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland Mortgages list
I have paid off my mortgage with Bank of Ireland Mortgages. I assume I don't need a solicitor on the Bank of Ireland Mortgages panel to remove the mortgage at the Land Registry. Please confirm
If you have finished paying off your Bank of Ireland Mortgages 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 Mortgages mortgage from the register. Bank of Ireland Mortgages,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 Mortgages has sent the Land Registry the discharge electronically, and
the Bank of Ireland Mortgages has instructed the Land Registry to do so
The Land Registry will send you a letter confirming that your Bank of Ireland Mortgages mortgage has been paid off.