Bank of Ireland Mortgages Conveyancing Lender Panel Compliance Tool

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

This system 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. Even though using the software is not a condition for being on the Bank of Ireland Mortgages panel, demonstrating you can remain up to date with Bank of Ireland Mortgages’s Handbook requirements is a helpful support to your panel application and, just as importantly, protect your firm’s panel standing.

The system generates real-time alerts, automatically produces compliance and CQS reports, and will increase your firm's efficiency. It is also user friendly, cost-effective and, for many firms, results in a PII saving.

Find a Law Firm approved by Bank of Ireland Mortgages

Lenders often vary 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,

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Recent Changes Include

# Date Assoc. Changes Related To
5.14.1 03/10/2017 CML
14.2.2 19/06/2017 CML
6.6.4 21/11/2016 CML
6.10.2 18/11/2016 CML
5.4.6 16/11/2016 CML Local Search Indemnity Insurance
16.3.2 15/11/2016 CML
16.5.3a 15/11/2016 CML
16.5.3c 15/11/2016 CML
5.20.3 07/05/2015 CML
3.1.4 01/12/2014 CML

Last update 08/07/2019

Bank of Ireland Mortgages Solicitor Panel Sample Enquires to our Call Center from members of the public

I instructed a firm of solicitors to work on my purchase three weeks ago having applied for a mortgage with Bank of Ireland Mortgages. The law firm reassured 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 happens next? Do I instruct a different law firm 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 the time frame to get your lawyer reinstated on the panel once again.
Our son is purchasing a newly built flat with a home loan from Bank of Ireland Mortgages. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland Mortgages conveyancing panel as a standard part of the process, and to the valuer when requested.

The Developer will be required to start the process by downloading the form and completing it.

The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Bank of Ireland Mortgages conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I note that you have a post code search directory listing firms on the Bank of Ireland Mortgages conveyancing panel. Do firms pay you a commission if I instruct 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.
What happens if my solicitor is expelled from the Bank of Ireland Mortgages Solicitor panel prior to the completion date?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have ti instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by the regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I had instructed online conveyancers based in London who are on the Bank of Ireland Mortgages solicitor panel. They are now charging me a separate fee of £135 for the legal aspects of the Bank of Ireland Mortgages mortgage. Is this an additional conveyancing fee specified by Bank of Ireland Mortgages?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Bank of Ireland Mortgages but by your lawyers. Some firms on the Bank of Ireland Mortgages will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I currently have a mortgage with with Bank of Ireland Mortgages. Conveyancing was finalised 12 months ago. In the event that I decide 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?
Bank of Ireland Mortgages must be informed of your intention in advance of letting out 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 allow you to rent 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 lawyer.
Planning on purchasing 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 Building Society 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