Removal from the Allied Irish Bank and other lender panels: Why they do it and how to get reinstated
- Breaches of Allied Irish Bank conveyancing panel requirements
- Significant delays in registering security on behalf of Allied Irish Bank Delays or failure to register the Allied Irish Bank charge may result in referral to external lawyers of Allied Irish Bank to complete outstanding requirements.
- Allied Irish Bank may terminate membership of its conveyancing panel where a firm fails to provide any relevant information or provide incorrect information in its application form or in relation to any future requests for information.
- Your practice no longer meets the criteria to remain on the Allied Irish Bank conveyancing panel
- Failure to act in accordance with the Allied Irish Bank panel requirements, the written instructions that Allied Irish Bank provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Allied Irish Bank may subsequently subscribe.
Questions Allied Irish Bank panel reinstatement firms ask us
- Is there a limit to the number of occasions my firm can submit applications to be reinstated on the Allied Irish Bank conveyancing panel?
- Do any avenues remain open if our reinstatement panel submission with Allied Irish Bank is rejected?
- Who should complete the reinstatement application to the Allied Irish Bank panel ?
- Is there a charge to be reinstated onto the Allied Irish Bank conveyancing panel?
- Can we appeal if this practice’s application for reinstatement was turned down?
Top Tip: The best way to avoid the hassle of seeking Allied Irish Bank panel reinstatement is to ensure that your firm is not removed off of the Allied Irish Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Allied Irish Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Allied Irish Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Allied Irish Bank conveyancing panel.