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. It is a unique risk management tool.

This software optimises the way you can prove to lender panels that you are, and can stay fully compliant with their instructions, with alerts on Bank of Ireland’s changes. Notwithstanding that using this technology 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 firm’s panel standing.

The system creates real-time alerts, automatically produces SRA and CQS reports, and will enhance your firm's efficiency. In addition it is user friendly, cost-effective and, for some firms, leads to a PII saving.

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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
5.4.6 16/11/2016 CML
Conveyancing Searches: Search Insurance
Bank of Ireland (UK) plc approved lawyers clarification as to whether they accept search insurance and, if yes, the Bank of Ireland (UK) plc requirements
Local Search Indemnity Insurance
16.3.2 15/11/2016 CML
Transfer of Equity
Bank of Ireland (UK) plc details for requesting debt amount
16.5.3a 15/11/2016 CML
Deed of Variation
Bank of Ireland (UK) plc requirements for conveyancing panel lawyers as to whether Bank of Ireland (UK) plc need to be sent a Deed of Variation
5.8.5 21/10/2016 CML
Leasehold Conveyancing : Freehold Reversion
Bank of Ireland (UK) plc panel lawyers clarification as to whether they accept security which comprises one of two leasehold flats in a building where the borrower also owns the freehold reversion of the other flat and the other leaseholder owns the freehold reversion in the borrower's flat? If so, are there any specific requirements??
6.7.1 20/05/2016 CML
New Build Conveyancing
Bank of Ireland (UK) plc panel conveyancer requirements for New Build Conveyancing : Home Warranty Schemes
6.14.1 30/11/2015 CML
Building Insurance
Bank of Ireland (UK) plc panel lawyers additional requirements concerning building insurance
3.1.4 01/12/2014 CML
details of the seller's solicitors or licensed conveyancers
5.5.1a 01/12/2014 CML
requirements in terms of time for planning consents
6.14.1c 01/12/2014 CML
buildings insurance total sum insured calculation
3.1.3 01/12/2014 CML
Conveyancing Solicitors Details for Sellers
Do Bank of Ireland (UK) plc require notification form their approved lawyer of the name and address of the solicitors firm or licensed conveyancers firm acting for the seller?

Last update 16/11/2018

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

I was advised recently by my financial adviser that my lawyer is not on the Bank of Ireland Solicitor panel. What can I do to be sure that this is correct?
You need to contact your conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a firm that is on the conveyancing panel for Bank of Ireland.
We are nearing an exchange and my mum and dad having sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to make a notification to my lender Bank of Ireland. Apparently, being on the Bank of Ireland conveyancing panel and acting on their behalf he must inform Bank of Ireland if the balance of the mortgage advance is coming from anyone other than me. I informed the bank about my parent’s contribution when I applied for the home loan so is it really necessary for this now to be an issue?
Your lawyer is obliged to check with Bank of Ireland to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only report this to Bank of Ireland if you agree, failing which, your lawyer must cease to continue acting.
Are there any apps to help search for a local solicitor on the Bank of Ireland conveyancing panel? I have a car and am prepared to travel up to 10 kilometers to meet the solicitor.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location and you will see a number of lawyer located nearest you. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the Bank of Ireland solicitor panel.
I am in the process of mortgaging my apartment does my lawyer need to be on the Bank of Ireland Conveyancing panel?
In theory, you could use a solicitor that is not on Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Can I be sure that the solicitor on the Bank of Ireland panel is any good?
seeking recommendations is a sensible starting point. Before you go ahead check if they offer a no sale no fee offer. Also you often get what you pay for - a firm which quotes more will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your conveyancing
The mortgage over my property is with Bank of Ireland. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Bank of Ireland?
You must advise Bank of Ireland in advance of letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland 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 directly. You need not do this via a Bank of Ireland conveyancing panel firm.
Intending to buy a house with a mortgage with Bank of Ireland. I have received an online quote from a licensed conveyancer, which states: "There will be no charge for dealing with the Lender 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 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 conveyancing panel