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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 : Questions and Answers
My Solicitor has never been on on the Bank of Ireland Approved Panel. Is it possible for me to retain my preferred solicitor notwithstanding that they are excluded from the Bank of Ireland panel of approved conveyancing solicitors?
The most common options here are as follows:
- Complete the purchase with your preferred lawyers but Bank of Ireland will need to instruct a lawyer on the Bank of Ireland conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Bank of Ireland conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Bank of Ireland conveyancing panel
My fiance and I changing mortgage lender for our apartment with Bank of Ireland. We have a son 19 who lives with us. The solicitor on the Bank of Ireland conveyancing panel has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Bank of Ireland conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Bank of Ireland .This is solely used to protect the Bank of Ireland if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Bank of Ireland had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
Do I need to have a meeting at the offices of the Bank of Ireland conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in London
so that I can pop in to their offices if necessary.
Most conveyancing panel lawyers for Bank of Ireland undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
The solicitors that I appointed last week on my purchase in Newcastle has suddenly closed. They were on acting for me because I had to have a lawyer on the Bank of Ireland conveyancing panel and my previous lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help
I previously instructed online conveyancers based in London who are on the Bank of Ireland solicitor panel. They have just invoiced me a separate fee of £195 for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee set 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 but plenty of firms include it on their overall fee.
My wife and I have arranged a further advance on our mortgage from Bank of Ireland as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Bank of Ireland conveyancing panel to deal with the legals?
Bank of Ireland would not normally instruct a member of their conveyancing panel 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 panel
The for formalities of my purchase has taken place with a loan from Bank of Ireland. Conveyancing was of an acceptable standard but I would like to complain about Bank of Ireland. How does one go about formally complaining?
Most lenders have complaints procedures. Your first port of call should be one of the Bank of Ireland branches or the Customer Care Team at Bank of Ireland head office. In most cases complaints to Bank of Ireland are sorted out very quickly. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service with full details of your complaint.
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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