Q and A’s regarding the Bank of Ireland Mortgages Solicitor Panel from members of the public
My IFA has asked me for my solicitor’s panel reference for the Bank of Ireland Mortgages conveyancing panel. How do I discover this. I have contacted my local Bank of Ireland Mortgages office but they have not got back to me yet.
the sensible thing to do is ask for this information from your solicitor. They should have a central record lender panel numbers including the Bank of Ireland Mortgages panel reference.
Our solicitor has uncovered a legal deficiency with the lease for the apartment we are purchasing. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that as he is on the Bank of Ireland Mortgages conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Bank of Ireland Mortgages?
Just because you have a mortgage offer from Bank of Ireland Mortgages does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Bank of Ireland Mortgages are the client. These conveyancing instructions have to be complied with by the Bank of Ireland Mortgages conveyancing panel who has to balance acting for you and Bank of Ireland Mortgages
Whilst your website is a good idea there are many lawyers listed near London on the Bank of Ireland Mortgages conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for Bank of Ireland Mortgages ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am purchasing a semi-detached house and getting a mortgage with Bank of Ireland Mortgages. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Bank of Ireland Mortgages conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Bank of Ireland Mortgages conveyancing panel in your location.
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. Am I right?
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.
My existing mortgage is with Bank of Ireland Mortgages. My uncle has just retired and wants to pay off the mortgage left on the property. After Bank of Ireland Mortgages is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Bank of Ireland Mortgages conveyancing panel? I do not intend to live at the property once the Bank of Ireland Mortgages mortgage is discharged.
You
will need a solicitor but they need not be on the Bank of Ireland Mortgages 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. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.
Completion of my purchase has taken place with a mortgage from Bank of Ireland Mortgages. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about Bank of Ireland Mortgages. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the Bank of Ireland Mortgages branches or the Customer Care Department at Bank of Ireland Mortgages head office. Ordinarily complaints to Bank of Ireland Mortgages are sorted out effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.