Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- 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 may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- 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 adopt.
- Breaches of Bank of Ireland conveyancing panel Terms and Conditions
- Significant delays in post completion requirements on behalf of Bank of Ireland
Bank of Ireland panel reinstatement: Five Common Questions
- Is there a fee to be reinstated onto the Bank of Ireland conveyancing panel?
- How do I discover why our application for reinstatement was refused?
- What are the next steps open to me if our Bank of Ireland panel reinstatement application is rejected and the client of the firm has a mortgage offer with the Bank of Ireland?
- What is the application process to revert back onto the Bank of Ireland conveyancing panel?
- Is it the practice manager who is required to sign the reinstatement application to the Bank of Ireland 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 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.