Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- Persistent non-compliance with post completion requirements on behalf of Bank of Ireland
- 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.
- Failure to reapply to remain on the Bank of Ireland convincing panel
- Breaches of Bank of Ireland conveyancing panel requirements
- Failure to act in accordance with the Bank of Ireland panel requirements, the written instructions that Bank of Ireland give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Bank of Ireland may subsequently subscribe.
Bank of Ireland panel reinstatement : questions that we get asked
- Does the COLP in my firm need to complete the reinstatement application to the Bank of Ireland panel ?
- Am I restricted as to the number of times my firm can apply to be reinstated on the Bank of Ireland conveyancing panel?
- Does my practice need to apply annually to remain on the Bank of Ireland conveyancing panel?
- What are our options if our reinstatement panel application with Bank of Ireland is refused?
- What will happen if our Bank of Ireland panel reinstatement application is rejected 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.