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Find an Approved Solicitor on the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel

FAQs : The Bank of Ireland Mortgages Conveyancing Panel

I am in the process of selling my flat and the EA has just telephoned to say that the purchasers are appointing a new solicitor. I am told that this is due to the fact that Bank of Ireland Mortgages will only engage with property lawyers on their approved list. On what basis would a major lender only work with certain solicitors?
UK lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.

Banks point to the increase in fraud by way of justification for the cull – criteria have been tightened and a smaller panel should be easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels, or have other concerns about them. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyer’s case. Your purchasers are unlikely to have any sway in the decision.

I am buying a newly constructed apartment and my conveyancer is informing me that she is duty bound to reveal incentives from the seller as her firm is on the Bank of Ireland Mortgages conveyancing panel. I am nearing the developer’s deadline to sign contracts and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. A precondition to being on the Bank of Ireland Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bank of Ireland Mortgages). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am searching for competitive conveyancing fees. Can I be assured that all the law firms that are identified on your website are on the Bank of Ireland Mortgages conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the Bank of Ireland Mortgages panel and agreed to advise us to take down their listing in the event of removal off of the Bank of Ireland Mortgages panel. To date we have not been informed by either a bank or a member of the public that the data about a specific firm being on the Bank of Ireland Mortgages conveyancing panel is not accurate.
I am considering mortgaging my home does my lawyer need to be on the Bank of Ireland Mortgages Conveyancing panel?
There is nothing to stop you using your solicitor but Bank of Ireland Mortgages will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I have today made my last payment due on 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.
I am selling my flat. I had a double glazing fitted in month 6 but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Bank of Ireland Mortgages are being a right pain. The solicitor who is on the Bank of Ireland Mortgages conveyancing panel is recommending indemnity insurance as a solution but Bank of Ireland Mortgages are insisting on a building regulation certificate. Why do Bank of Ireland Mortgages have a conveyancing panel of they don’t accept advice from them?
It is probably the case that Bank of Ireland Mortgages have referred the matter to their valuer. The reason why Bank of Ireland Mortgages may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing correctly and safely installed. It merely protects against enforcement action which is very unlikely anyway.
My ex -wife’s name is on the Bank of Ireland Mortgages mortgage of my property but not on the land registry. The apartment was transferred to me on our divorce many years ago by way of a sealed court order. Does my ex still have a say on the sale even though the land registry showing the property in my name alone? Will I be required to take her name of the Bank of Ireland Mortgages mortgage in order to sell?
In terms of the Bank of Ireland Mortgages mortgage, it is unusual that your ex-wife’s name remains on the mortgage but not on the title. It is conceivable that this is an oversight on the part of your conveyancers to ensure that her name was removed or even an administrative error on the part of Bank of Ireland Mortgages in failing to update their data. In any event, it should cause difficulty providing her name no longer appears on the Land Registry title and you have a court order ordering that the property is transferred to you.