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How does my firm apply to be on the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel? How can my firm be reinstated onto the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel?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
The lawyer I had intended to instruct on a remortgage said she will levy higher legal fees if my lender is due to their difficult processes! Will I regret using Bank of Ireland Mortgages? Is Bank of Ireland Mortgages conveyancing so much more difficult?
Bank of Ireland Mortgages 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 Mortgages conveyancing panel. If they are not, this does add further risk of delay as Bank of Ireland Mortgages will appoint their own solicitors to look after their interest.
Expecting to complete my purchase next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as he informs me that he is duty bound to validate that it is in order for Bank of Ireland Mortgages. What does the insurance need to cover?
All property lawyers on the Bank of Ireland Mortgages conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Bank of Ireland Mortgages’s Part 2 requirements of the CML Handbook (last updated on Bank of Ireland Mortgages). Being on the Bank of Ireland Mortgages conveyancing panel your lawyer is expect to follow these instructions.
I see that you have a search directory identifying law firms on the Bank of Ireland Mortgages conveyancing panel. Do firms pay you a referral fee if I appoint them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland Mortgages conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint.
I am considering applying for a Bank of Ireland Mortgages mortgage for purchase of a newly converted (under development) with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland Mortgages?
In theory, you could use a solicitor that is not on Bank of Ireland Mortgages conveyancing panel, but Bank of Ireland Mortgages would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
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 would not normally appoint 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 Mortgages panel
I have a mortgage with Bank of Ireland Mortgages. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland Mortgages?
You must advise Bank of Ireland Mortgages prior to renting your property as this is likely to be a breach of Bank of Ireland Mortgages’s mortgage conditions. It may be that Bank of Ireland Mortgages will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland Mortgages directly. It should not be necessary to do this via a Bank of Ireland Mortgages conveyancing panel solicitor.
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?
As regards 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.