Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- Failure to reapply to remain on the Bank of Ireland convincing panel
- 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.
- Significant delays in post completion requirements set by Bank of Ireland
- Non-compliance with the Bank of Ireland panel terms, 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.
- Breaches of Bank of Ireland conveyancing panel Terms and Conditions
Bank of Ireland Conveyancing Panel Reinstatement: Common Questions
- What is the application procedures to be reinstated onto the Bank of Ireland conveyancing panel?
- Is there a limit to the amount of occasions my law firm can submit applications to get back on the Bank of Ireland conveyancing panel?
- Is there a cost to revert back onto the Bank of Ireland conveyancing panel?
- What happens if our Bank of Ireland panel reinstatement application is rejected and our client has a mortgage offer with the Bank of Ireland?
- 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 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.