Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- 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.
- Breaches of Bank of Ireland conveyancing panel Terms and Conditions
- Failure to reapply to remain on the Bank of Ireland convincing panel
- Non-compliance with the Bank of Ireland panel terms, 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.
- Your firm fails to meet the criteria to remain on the Bank of Ireland conveyancing panel
Top questions concerning Bank of Ireland panel reinstatement
- Please can you set out the application process to revert back onto the Bank of Ireland conveyancing panel?
- How often will this firm be required to re-apply to remain on the Bank of Ireland conveyancing panel?
- Is there a limit to the number of times my law firm can apply to be reinstated on the Bank of Ireland conveyancing panel?
- How do I discover why our application for reinstatement was rejected?
- 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?
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.