Bank of Ireland Mortgages Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk mitigation tool.

This software is the only way you can prove to lender panels that you are, and can stay fully compliant with their requirements, with automatic updates on Bank of Ireland Mortgages’s changes. Notwithstanding that using the software is not a prerequisite for Bank of Ireland Mortgages , demonstrating you can stay up to date with Bank of Ireland Mortgages’s Handbook requirements is a helpful support to your panel application and, more importantly, safeguard your panel standing.

The software generates real-time alerts, automatically produces COLP and CQS reports, and will enhance your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Bank of Ireland Mortgages

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Bank of Ireland Mortgages are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes


Since 2008, Bank of Ireland Mortgages has made 258 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 10.6 days. In total, 59% of the sections of P2 of the UK Finance Lenders’ Handbook for Bank of Ireland Mortgages have been changed since 15/12/2008.

To find out more about lender panel compliance,

Book a Personalised Demo

Bank of Ireland Mortgages Conveyancing Panel : Questions and Answers from members of the public

What is the rationale as to why all UK lawyers aren't included on the Bank of Ireland Mortgages Solicitor panel?
Even though it may seem unfair for Bank of Ireland Mortgages to restrict who can act for them from the public’s or solicitor’s point of view, the other side of the coin is that the lenders are becoming ever more anxious and feel the necessary need to protect them from mortgage fraud and other illegal activities. As a result of this concern Bank of Ireland Mortgages have restricted their conveyancing panel to a size that they are happy to control. The Bank of Ireland Mortgages solicitor panel is not the smallest
My partner and I are refinancing our penthouse with Bank of Ireland Mortgages. We have a son 18 who lives with us. The solicitor on the Bank of Ireland Mortgages conveyancing panel has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Bank of Ireland Mortgages conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Bank of Ireland Mortgages conveyancing panel solicitor is doing the right thing 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 Mortgages .This is solely used to protect the Bank of Ireland Mortgages 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 Mortgages 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.

I note that you have a search directory identifying firms on the Bank of Ireland Mortgages conveyancing panel. Do firms pay you a referral fee if I retain 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.
My grandfather passed away six months ago and as sole heir and executor was left the house. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland Mortgages , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Bank of Ireland Mortgages will insist on your using a conveyancer on the Bank of Ireland Mortgages conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland Mortgages conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland Mortgages mortgage is registered as a charge at the Land Registry.
I am currently in the process of buying my council flat. I have a mortgage agreed with Bank of Ireland Mortgages. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event if you are getting a mortgage with Bank of Ireland Mortgages you will need to appoint a solicitor on the Bank of Ireland Mortgages conveyancing panel.
Intending to buy a house with a mortgage with Bank of Ireland Mortgages. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland Mortgages conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that they are on the Bank of Ireland Mortgages conveyancing panel
My offer was accepted on a property on the 5th January 2014, valuation was booked 2 days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Bank of Ireland Mortgages and chasing them on my offer I have now been told that my offer will not be issued unless the lawyer is on the Bank of Ireland Mortgages conveyancing panel. Are Bank of Ireland Mortgages entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland Mortgages to deal with your lawyers application to be on the Bank of Ireland Mortgages conveyancing panel. There's no guarantee that your solicitors will be accepted.