Frequently asked questions relating to the Bank of Ireland Mortgages Solicitor Panel from members of the public
I need to swap lawyers as my lawyer is not on the Bank of Ireland Mortgages panel of conveyancing solicitors. How easy is it to change conveyancer?
If you haven't yet instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer you're considering.
My fiance and I intend to remortgage our penthouse with Bank of Ireland Mortgages. We have a son 19 who lives with us. The solicitor on the Bank of Ireland Mortgages conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have two questions (1) Is this form unique to the Bank of Ireland Mortgages conveyancing panel as he never had to sign this form when we bought 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 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 am looking to buy a house and require a conveyancing solicitor in Leeds who is on the Bank of Ireland Mortgages approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland Mortgages . We don’t recommend any particular firm.
My aunt passed away last year and as sole heir and executor was left the house. The house had a relatively small loan remaining of approximately £4500. 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.
Is it the case that all conveyancing lawyers on the Bank of Ireland Mortgages conveyancing panel work on a no move no charge basis?
There is generally no requirements by lenders for their firms to operate on a no-sale-no-fee basis. There a small number of lenders who operate a very restricted conveyancing panel managed by a third party company (often termed in the industry as a ‘gatekeeper’). That third party may impose certain conditions such as non-sale-no fee on the panel firms. If you require this as a condition of your conveyancing then you should check with the conveyancing firm that this is part of their service
We expect to receive a DIP from Bank of Ireland Mortgages this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Bank of Ireland Mortgages recommend a solicitor on the Bank of Ireland Mortgages conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Bank of Ireland Mortgages conveyancing panel. The solicitor represents both you and the Bank of Ireland Mortgages through the process.
It is not clear whether my mortgage offer requires a lease extension . I have called Bank of Ireland Mortgages on various occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Bank of Ireland Mortgages conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. I simply dont know who is right
As long as the conveyancer is on the Bank of Ireland Mortgages panel she or he must comply with the CML Handbook requirements for Bank of Ireland Mortgages. Unless your lawyer obtains specific confirmation in writing that Bank of Ireland Mortgages will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Bank of Ireland Mortgages to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.