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
- Bank of Ireland 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.
- Recurring delays in post completion requirements set by Bank of Ireland
- Non-compliance 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.
- Significant 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.
FAQs : Bank of Ireland Conveyancing panel reinstatement
- Is there a fee to be reinstated onto the Bank of Ireland conveyancing panel?
- What is the application process to be reinstated onto the Bank of Ireland conveyancing panel?
- What are our options if my firm’s reinstatement panel application with Bank of Ireland is declined?
- Is it the practice manager who is required to sign the reinstatement application to the Bank of Ireland panel ?
- Does my practice need to apply annually 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.