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Ready to buy a new home? Failing to check that a lawyer is on the BOI list of approved solicitors can put your transaction at risk of delay or failure.
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How does my firm apply to be on the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel? How can my firm be reinstated onto the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel?Find an Approved Solicitor on the Bank of Ireland as Bank of Ireland Mortgages Conveyancing Panel
Bank of Ireland Mortgages Conveyancing Panel : Questions and Answers
Am I correct in assuming that the fact that my solicitor is not on the Bank of Ireland Mortgages Conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Bank of Ireland Mortgages.
I am purchasing a brand new duplex and my solicitor is advising me that she has to reveal incentives from the builder as her firm is on the Bank of Ireland Mortgages conveyancing panel. I am on a tight deadline to exchange contracts and I would rather not prolong matters. Is my lawyer right?
You should not exchange unless you have advised to do so by your lawyer. 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). The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I see that you have a search directory listing solicitors on the Bank of Ireland Mortgages conveyancing panel. Do firms pay you a commission if I retain them for my conveyancing?
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.
I am considering applying for a Bank of Ireland Mortgages mortgage for purchase of a new build (under development) with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland Mortgages?
In theory, you could use a solicitor that is not on Bank of Ireland Mortgages conveyancing panel, but Bank of Ireland Mortgages 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 transaction.
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Bank of Ireland Mortgages. Is it possible to avoid using solicitors to save on the costs? My dad reckons back in the day he did a lot of it himself, just went into the land registry office and providing them with the info they needed himself
If you are getting a mortgage with Bank of Ireland Mortgages involved you will need to appoint a solicitor on the Bank of Ireland Mortgages conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Bank of Ireland Mortgages. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Bank of Ireland Mortgages conveyancing panel.
My existing mortgage is with Bank of Ireland Mortgages. My father retired last week and wants to pay off the mortgage left on the property. After Bank of Ireland Mortgages is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Bank of Ireland Mortgages conveyancing panel? I do not intend to live at the property once the Bank of Ireland Mortgages mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Bank of Ireland Mortgages panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. There's no capital gains tax for you as it is
your main residence.
My brother and I are remortgaging a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon will soon beappointed. My fatheradvised that we enquire that the property lawyer in Hendon is on the Bank of Ireland Mortgages solicitors panel. Surely I don't need to do this, do I?
Far from all Hendon conveyancing solicitors are on the Bank of Ireland Mortgages conveyancing panel. Click here to search for a Hendon conveyancing practitioner on the on the Bank of Ireland Mortgages panel.