Bank of Ireland Mortgages Conveyancing Panel Information

Lexsure has not been advised of any intention on the part of the CML to develop such a register.

The concern here is if you are expect to enter into ‘more onerous’ conditions that than the Handbook obligations. You have to try and take an objective view as to whether the Terms relating to the Bank of Ireland Mortgages conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the UK Finance Lenders’ Handbook Conditions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before completing the answer.

When a solicitor is acting for both Bank of Ireland Mortgages and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent. In the situation you find yourself in if the purchaser will not consent to the information being passed on to the lender the solicitor must cease to act for the Bank of Ireland Mortgages and it may well be prudent you to cease to act for the purchaser as well. You can not tell the Bank of Ireland Mortgages the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Bank of Ireland Mortgages conveyancing panel status.

With banks and solicitors working so closely with one another it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Bank of Ireland Mortgages conveyancing panel but for all lender panels

Your insurance brokers are your best port of call to address this question. 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.

You would be advised to communicate with Bank of Ireland Mortgages to obtain standard documents. The The Council of Mortgage Lenders Handbook includes an individual question for banks to reveal who to contact to obtain standard documents. Bank of Ireland Mortgages in their Part 2’s state: Don’t forget to disclose the firm’s Bank of Ireland Mortgages solicitors panel number.