Bank of Ireland Conveyancing Lender Panel Compliance Tool

Lexsure’s COMPLETIONmonitor is web-based pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. COMPLETIONmonitor is a unique risk management tool.

This system assists the way you can demonstrate to lender panels that you are, and can stay fully compliant with their instructions, with automatic updates on Bank of Ireland’s changes. Notwithstanding that using COMPLETIONmonitor is not a prerequisite for Bank of Ireland , demonstrating you can remain up to date with Bank of Ireland’s Handbook requirements is an excellent support to your application to their lender panel and, just as importantly, safeguard your panel status.

The system generates real-time alerts, automatically produces SRA and CQS reports, and will improve your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, results in reduced PII premiums.

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

A Timeline of Policy Changes

Since 2008, Bank of Ireland has made 175 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 15.6 days. In total, 27% of the sections of P2 of the UK Finance Lenders’ Handbook for Bank of Ireland 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
14.2.2 19/06/2017 CML
1.14 18/11/2016 CML
16.5.3b 15/11/2016 CML
16.5.3d 15/11/2016 CML
5.20.3 07/05/2015 CML
5.5.1b 01/12/2014 CML
6.14.2 01/12/2014 CML
6.14.3 01/12/2014 CML
3.1.5 01/12/2014 CML
6.7.1 10/09/2013 CML

Last update 13/09/2019

Frequently asked questions relating to the Bank of Ireland Conveyancing Panel from members of the public

My lawyer is not listed on the Bank of Ireland Conveyancing Panel. Is it possible for me to use my preferred solicitor even though they are excluded from the Bank of Ireland panel of approved conveyancing solicitors?
You will need to have a conveyancer complete the legal work required when you take out a Bank of Ireland mortgage to buy your property. They’ll carry out all the necessary legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You can instruct a conveyancing firm of your choice. However, if the firm selected is not a member of the Bank of Ireland conveyancing panel additional costs will be incurred as separate legal representation will be required by Bank of Ireland. Conveyancing panel applications can be submitted, so if your conveyancer has not previously applied for membership they can do so.
Our solicitor has uncovered a legal deficiency with the lease for the flat we are buying. The other side have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our solicitor has advised that as he is on the Bank of Ireland conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or Bank of Ireland?
Just because you have a mortgage offer from Bank of Ireland does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Bank of Ireland are the client. The appropriate lender requirements must be adhered to by the Bank of Ireland conveyancing panel who has to balance acting for you and Bank of Ireland
I am purchasing a house and require a conveyancing solicitor in who is on the Bank of Ireland conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don’t recommend any particular firm.
I am refinancing my house does my lawyer need to be on the Bank of Ireland Solicitor panel?
There is nothing to stop you using your solicitor but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
When it comes to mortgage companies such as Bank of Ireland do solicitors have to be pay a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Bank of Ireland as we wish to carry out alterations or improvements our home. Do we need to appoint a solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?
Bank of Ireland do not ordinarily instruct firms on their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland panel
I had an offer accepted on an apartment on the 12th March 2014, valuation was booked 2 days later, all came back fine. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Bank of Ireland 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 conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyers application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitors will be accepted.