Common questions asked concerning the Bank of Ireland Mortgages Conveyancing Panel
from members of the public
I instructed a law firm to conveyancing on my house purchase six weeks ago having applied for a mortgage with Bank of Ireland Mortgages. The solicitors confirmed to me that they are on Bank of Ireland Mortgages conveyancing panel and provided me their panel reference. Bank of Ireland Mortgages then ,via my broker advised that their panel number was dormant and would need to be reactivated. What do I do from here? Should I appoint a new solicitor listed on the approved panel for Bank of Ireland Mortgages?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Bank of Ireland Mortgages conveyancing panel You may wish to enlist the help of your broker to check with the Bank of Ireland Mortgages as to how long they think it will take to get the firm to get back on the panel.
My conveyancer has uncovered a difference when comparing the surveyor’s assumptions in Bank of Ireland Mortgages’s valuation survey and what is in the conveyancing documents. My solicitor has advised that as he is on the Bank of Ireland Mortgages conveyancing panel he needs to check that the lender is OK with this discrepancy and is content go ahead. Is my solicitor’s stance legitimate?
A precondition to being on the Bank of Ireland Mortgages approved panel is to comply with the CML Handbook requirements (last updated for this lender on Bank of Ireland Mortgages) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I need to find a Bank of Ireland Mortgages panel solicitor in Belfast. Could you help me?
It is not clear why you need a Bank of Ireland Mortgages panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Bank of Ireland Mortgages to find out which solicitors in Bank of Ireland Mortgages are on their panel. If you do find such a firm not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site
My solicitors in Birmingham have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with Bank of Ireland Mortgages. Is it case that being on the Bank of Ireland Mortgages conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the Bank of Ireland Mortgages Conveyancing Panel Terms. It might be worth you contacting Bank of Ireland Mortgages directly.
Is it the case that all solicitor firms on the Bank of Ireland Mortgages conveyancing panel regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bank of Ireland Mortgages conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
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.
Bank of Ireland Mortgages have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Bank of Ireland Mortgages or your broker and complete any relevant paperwork. Bank of Ireland Mortgages will tell you what documents they want. Bank of Ireland Mortgages will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Bank of Ireland Mortgages will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.