Tag: Bank of Ireland
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Lenders Continue to Hit Tech Glitches
Hot on the heels of HSBC’s technical issue with the UK Finance Lenders’ Handbook platform, Bank of Ireland have hit a problem with their facility ‘Rightfax’. BOI is currently experiencing technical and connection issues that are impacting their ability to send and receive panel firm requests/information through RightFax. The fault started intermittently from 11am on…
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Are Bank of Ireland Closing the Door on Leasehold Properties?
Yesterday, Bank of Ireland became the 14th lender this year to change their minimum lease term requirements via amendments to the CML Handbook Instructions. Section 5.14.1 (What minimum unexpired lease term does the lender accept?) used to read “70 years unexpired from the date of completion of the mortgage”. This has now been changed to…