Removal from the Allied Irish Bank and other lender panels: Why they do it and how to get reinstated
- 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.
- Significant delays in post completion requirements set by Allied Irish Bank
- Missing deadline to reapply to remain on the Allied Irish Bank convincing panel
- Your firm 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.
Top questions concerning Allied Irish Bank panel reinstatement
- Do any avenues remain open if my firm’s reinstatement panel application with Allied Irish Bank is rejected?
- What happens if our Allied Irish Bank panel reinstatement application is declined and the client of the firm has a mortgage offer with the Allied Irish Bank?
- Can this firm act for Allied Irish Bank while the appeal for reinstatement on the Allied Irish Bank panel is being assessed? How do I find out if our reinstatement appeal to the Allied Irish Bank panel is approved?
- What is the application procedures to be reinstated onto the Allied Irish Bank conveyancing panel?
- Does the COLP in my firm need to sign the reinstatement application to the Allied Irish Bank panel ?
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 appointed 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.