FAQs for the Bank of Ireland Mortgages Conveyancing Panel from members of the public
My IFA has says he needs my lawyer’ panel reference for the Bank of Ireland Mortgages conveyancing panel. What is the best way to discover this. I have e-mailed my local Bank of Ireland Mortgages office but they cant find it on their system.
Have you tried speaking to your lawyer about this?. They should have a central record lender panel numbers including the Bank of Ireland Mortgages panel reference.
My fiance and I changing mortgage lender for our flat 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 reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this form unique to the Bank of Ireland Mortgages conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this giving up his rights 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.
Do all the firms listed on your directory have online case tracking as I understood that this was a condition of being on the Bank of Ireland Mortgages solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My house is up for sale and I have a buyer. Does my solicitor have to be on the Bank of Ireland Mortgages conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland Mortgages conveyancing panel they can still act for you on your sale. it might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My fiance and I are in the process of looking at houses and am about to put in an offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Bank of Ireland Mortgages
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on the the EA. As you are getting a mortgage with Bank of Ireland Mortgages , ask your prospective lawyers check they are on the Bank of Ireland Mortgages conveyancing panel otherwise they can't do the mortgage legal work.
I have a mortgage with Bank of Ireland Mortgages. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland Mortgages?
Your original mortgage agreement with Bank of Ireland Mortgages will provide that you need their approval prior to renting your property as this is likely to be a breach of Bank of Ireland Mortgages’s mortgage conditions. In many cases banks or building societies 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?
In terms of 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.