Allied Irish Bank Conveyancing Panel Sample Enquires to our Call Center
from members of the public
Is the fact that my conveyancer is not on the Allied Irish Bank Conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the firm and ask them why they are no longer on the approved list for Allied Irish Bank.
My partner and I intend to remortgage our penthouse with Allied Irish Bank. We have a son 19 who lives with us. The solicitor on the Allied Irish Bank conveyancing panel requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is repossessed. I have two concerns (1) Is this document specific to the Allied Irish Bank conveyancing panel as he never had to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Allied Irish Bank conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Allied Irish Bank .This is solely used to protect the Allied Irish Bank if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave.
It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Allied Irish Bank had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have been searching for conveyancing quotes online. Can I be assured that all the practices that are identified on your website are on the Allied Irish Bank conveyancing panel?
The law firms on our directory have advised us that they are on the Allied Irish Bank panel and agreed to advise us to take down their listing in the event of removal off of the Allied Irish Bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific firm being on the Allied Irish Bank conveyancing panel is incorrect.
I am buying a semi-detached house and getting a mortgage with Allied Irish Bank. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Allied Irish Bank conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Allied Irish Bank conveyancing panel in your location.
Do most lenders operate their own panel of solicitors?
Many lenders do operate a restricted conveyancing panel but a lot of lenders allow any solicitors to join their panel so long as they meet their criteria. Each lender sets their own criteria. For example the Allied Irish Bank conveyancing panel requirements are different to Allied Irish Bank’s conveyancing panel requirements.
We have a mortgage agreed in principle with Allied Irish Bank. Solicitors have been instructed? How long does it take for Allied Irish Bank to send the offer to our conveyancer
There is no definitive answer here. Have Allied Irish Bank done the survey? Have you advised Allied Irish Bank as your lawyers details and checked that your lawyer is on the Allied Irish Bank conveyancing panel? sometimes it can take as long as six weeks for a mortgage offer to be issued
The mortgage over my property is with Allied Irish Bank. Conveyancing has been completed some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Allied Irish Bank?
Allied Irish Bank must be informed of your intention prior to letting out your property as this is likely to be a breach of Allied Irish Bank’s mortgage conditions. It may be that Allied Irish Bank will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Allied Irish Bank directly. It should not be necessary to do this via a Allied Irish Bank conveyancing panel solicitor.