Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- Your practice fails to meet the criteria to remain on the Bank of Ireland conveyancing panel
- Breaches of Bank of Ireland conveyancing panel requirements
- Recurring delays in post completion requirements on behalf of Bank of Ireland
- Non-compliance with the Bank of Ireland panel terms, the written instructions that Bank of Ireland provide and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Ireland may subsequently adopt.
- Failure to reapply to remain on the Bank of Ireland convincing panel
Bank of Ireland panel reinstatement: Five Common Questions
- How often will this firm be required to re-apply to be reinstated on the Bank of Ireland conveyancing panel?
- Can you outline the application protocol to revert back onto the Bank of Ireland conveyancing panel?
- What are our options if my firm’s reinstatement panel application with Bank of Ireland is declined?
- Does the COLP in my firm need to sign the reinstatement application to the Bank of Ireland panel ?
- Is there a limit to the amount of times my law firm can submit applications to be reinstated on the Bank of Ireland conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Bank of Ireland panel reinstatement is to ensure that your firm is not removed off of the Bank of Ireland 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 Bank of Ireland conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Bank of Ireland 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 Bank of Ireland conveyancing panel.