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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.
Looking for information about your firm's panel status?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?
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FAQs : The Bank of Ireland Conveyancing Panel
The solicitor my husband and I had intended to instruct on a purchase said he would charge more if my mortgage is with Bank of Ireland due to their unusual legal requirements. 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.
I do hope you can help me. My lawyer is assuring me that she is duty-bound to order a Local Authority search stemming from the fact that the firm are on the Bank of Ireland solicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with Bank of Ireland 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’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements last updated Bank of Ireland. even if you were a cash buyer you would be ill advised not to carry out a local authority search.
Do I need to pop into the offices of the Bank of Ireland conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bristol so that I can attend their offices when needed.
Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Bristol .
We're in Liverpool, First time buyers buying with a mortgage (lender is Bank of Ireland , but our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
My existing mortgage is with Bank of Ireland. My uncle 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.
You will need a solicitor but they need not be on the Bank of Ireland conveyancing 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.
Completion of my purchase has taken place with a loan from Bank of Ireland. Conveyancing was satisfactory but I feel I should register my dissatisfaction about Bank of Ireland. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the Bank of Ireland branches or the Customer Care Team at Bank of Ireland head office. We understand that complaints to Bank of Ireland are resolved very quickly. If you feel that the matter is not resolved you can write to the Financial Ombudsman Service who will take matters further.
I recently had an offer accepted on an apartment. My financial adviser suggested a solicitor I paid an upfront payment of 225. Soon after the conveyancers contacted me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.