Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- Recurring non-compliance with post completion requirements on behalf of Bank of Ireland
- Failure to act in accordance with the Bank of Ireland panel requirements, 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.
- Missing deadline to reapply to be on the Bank of Ireland convincing panel
- Breaches of Bank of Ireland conveyancing panel requirements
- Persistent delays in registering a charge on behalf of Bank of Ireland Delays or failure to register the Bank of Ireland charge may result in referral to external lawyers of Bank of Ireland to complete outstanding requirements.
Bank of Ireland panel reinstatement : You have questions, we have answers
- Please can you set out the application procedures to revert back onto the Bank of Ireland conveyancing panel?
- To what extent is my firm permanently excluded if my firm’s reinstatement panel submission with Bank of Ireland is rejected?
- Can we act for Bank of Ireland while the application for reinstatement on the Bank of Ireland panel is being assessed? How do I know if our reinstatement application to the Bank of Ireland panel is approved?
- Does my practice need to apply annually to be reinstated on the Bank of Ireland conveyancing panel?
- What will happen if our Bank of Ireland panel reinstatement application is turned down and the client of the firm has a mortgage application with the Bank of Ireland?
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 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 Bank of Ireland conveyancing panel.