Bank of Ireland Mortgages Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Bank of Ireland Mortgages and to assist in remaining on the Bank of Ireland Mortgages Solicitor Panel.

Bank of Ireland Mortgages Solicitor Panel: Recently Asked Questions

Is it possible that Bank of Ireland Mortgages will instruct another solicitor on the Bank of Ireland Mortgages conveyancing panel for a further advance during the lifetime of a mortgage?
Section 16.2.1 of the UK Finance Lenders’ Handbook relevant to a solicitor on the Bank of Ireland Mortgages conveyancing panel reads ‘Our mortgage secures further advances. Consequently, when a further advance is required for alterations or improvements to the property we will not normally instruct a member of our conveyancing panel but if you are instructed the appropriate provisions of this Handbook will apply’.

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Is there a standard appeals process to prevent solicitors from being unfairly removed them from lender conveyancing panels?
We have come across many solicitors who feel they have been removed from lenders’ panels without an explanation or a good reason. It is highly unlikely, given that lenders have distanced themselves from creating a standardised appeals process for brokers, that an appeals process will be introduced for lawyers. Commenting on the call by brokers to have a standardised process the CML said’ “While we understand that some lenders do have an appeals process, it would not be appropriate for a trade body such as the CML to seek to be prescriptive about such a process.” Some lenders do of course set out an appeals policy. The Law Society does have information on it’s site that may be of assistance. If you would like to talk to one of our compliance experts about our Lender Panel Protection Service please complete the form here.
A long standing client of my firm is purchasing a detached house for £750k in Manchester with a mortgage over GBP 410k. I am on the Bank of Ireland Mortgages conveyancing panel but do Bank of Ireland Mortgages have a separate approved panel when the advance is above 400,000?
Lexsure only know of two or three lenders that operate a distinct approved solicitors panel where the mortgage advance is over a certain threshold. You should nevertheless check directly with Bank of Ireland Mortgages. At one stage HSBC would only allow Sole practitioners to act for them where the mortgage was below £150,000. We are not sure if HSBC still operate such a condition. In your case it is best to check with Bank of Ireland Mortgages
What sort of information are Lenders such as Bank of Ireland Mortgages are asking for when it comes to applying to be on their approved solicitor list?
Each lender has different criteria. We do not hold specific requirements relating to the questions raised as part of the application to be on the Bank of Ireland Mortgages conveyancing panel. Typically lenders need to have full knowledge of a firm including (but not limited to):
  • The percentage of the firm’s business which is conveyancing (broken down into sale
  • Details of any accreditation e.g. Lexcel or
  • Number of partners per branch of the firm
  • List of all those who can sign off the Certificate Of Title
  • Full complaints history for each conveyancing solicitor
  • Automated alerting to inform lenders when there is a fundamental change to the firm (e.g. change of name)
  • Whether the firm has ever applied for accreditation and the outcome of the application
  • Full career history for each licensed conveyancer including registration date with Council of Licensed Conveyancers
  • List of fee-earners who are foreign qualified
  • List of all solicitors within firm
  • In conducting leasehold title investigations do Bank of Ireland Mortgages conveyancing panel lawyers need to examine whether there is a missing freeholder?
    On the basis that your firm in is on the Bank of Ireland Mortgages conveyancing panel and you are acting for them in relation to a leasehold property, you must report to them if it becomes apparent that the landlord is either absent or insolvent. If Bank of Ireland Mortgages are to lend, they may require indemnity insurance. In any event,you will need to check Bank of Ireland Mortgages’s specific requirements. Notwithstanding whether Bank of Ireland Mortgages will lend in such circumstances you still need to advise the borrower (unless you are acting for Bank of Ireland Mortgages alone) as to the risks of buying a property with an insolvent or absentee landlord.
    JLT’s PII renewal form questions if my practice had been excluded from any lender panels in the last 12 months. I recently found out that the practice is no longer on the Bank of Ireland Mortgages solicitor panel? Is this likely to effect my PII cover?
    The best placed professionals to answer this question are your insurance brokers. The chances are that on the basis that you have not been removed for fraud or negligence reasons that there will be little or no impact. The main reason why a firm would be removed off of a lender panel is due to low volume of conveyancing cases although there may be a number of criteria for Bank of Ireland Mortgages solicitor panel membership. Please remember that it is always important that you complete your insurance forms accurately.
    Our practice is on the Bank of Ireland Mortgages conveyancing panel and scheduled to complete a purchase within the next few weeks. I can not locate a Mortgage Deed for the client to execute. Who do I contact at Bank of Ireland Mortgages to request substitute deeds?
    You would be advised to communicate with Bank of Ireland Mortgages to obtain standard documents. The CML Handbook contains a specific question for banks to cite who to contact to obtain standard documents. Bank of Ireland Mortgages in their Part 2’s state:
    It helps to quote the firm’s Bank of Ireland Mortgages conveyancing panel number.

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    Average number of days to register title including a charge in favour of Bank of Ireland Mortgages
    This information relates to purchase only and not remortgages.
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    * Data aggregated from sources including COMPLETIONmonitor