Removal from the Bank of Ireland and other lender panels: Why they do it and how to get reinstated
- 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.
- 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 non-compliance with post completion requirements on behalf of Bank of Ireland
- Missing deadline to reapply to remain on the Bank of Ireland convincing panel
- Your firm no longer meets the criteria to remain on the Bank of Ireland conveyancing panel
How can we assist? Bank of Ireland panel reinstatement questions
- Can this firm act for Bank of Ireland while the application for reinstatement on the Bank of Ireland panel is being assessed? How do I find out if our reinstatement application to the Bank of Ireland panel is approved?
- Is there a fee to revert back onto the Bank of Ireland conveyancing panel?
- Does the COLP in my firm need to complete the reinstatement application to the Bank of Ireland panel ?
- How often will this firm be required to re-apply to be reinstated on the Bank of Ireland conveyancing panel?
- Is the door firmly shut if our reinstatement panel submission with Bank of Ireland is turned down?
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.