Allied Irish Bank Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is an online pre- and post-completion checklist for residential conveyancing lawyers. Supported by the CML and professional indemnity insures. It is a unique risk mitigation tool.

This system facilitates the way you can prove to lender panels that you are, and can remain fully compliant with their requirements, with alerts on Allied Irish Bank’s changes. Even though utilising COMPLETIONmonitor is not a prerequisite for Allied Irish Bank , demonstrating you can remain up to date with Allied Irish Bank’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, protect your panel status.

The system generates real-time alerts, automatically produces COLP and CQS reports, and will improve your firm's efficiency. It is also user friendly, cost-effective and, for some firms, leads to reduced PII premiums.

Find a Law Firm approved by Allied Irish Bank

Lenders frequently change their requirements. The UK Finance Lenders’ Handbook requirements from Allied Irish Bank are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, frequently:

A Timeline of Policy Changes

Since 2008, Allied Irish Bank has made 176 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 15.5 days. In total, 51% of the sections of P2 of the UK Finance Lenders’ Handbook for Allied Irish Bank have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Allied Irish Bank Conveyancing Panel Sample Enquires to our Call Center from members of the public

My mortgage broker has has requested my lawyer’ panel member for the Allied Irish Bank conveyancing panel. How do I find this out. I have tried my local Allied Irish Bank office but they cant find it on their system.
You are best placed to get this information from your conveyancing lawyer. A law firm is likely to keep a file or database of lender panel information which would include, if applicable their conveyancing panel details for Allied Irish Bank.
My solicitor has spotted a difference when comparing the surveyor’s assumptions in Allied Irish Bank’s home valuation survey and what is in the title deeds. My lawyer says that as he is on the Allied Irish Bank conveyancing panel he is duty bound to check that the bank is with this discrepancy and is still content to lend. Is my conveyancer’s course or action appropriate?
A precondition to being on the Allied Irish Bank approved panel is to comply with the CML Handbook requirements (last updated for this lender on Allied Irish Bank) which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do all the licensed conveyancers and solicitor practices listed on your search have online case tracking as I was under the impression that this was a precondition of being on the Allied Irish Bank solicitor panel?
The Council of Mortgage Lenders or BSA do not require online case tracking. Some law firms operate such technology and some don't.
My uncle passed away last year and as sole heir and executor was left the property. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Allied Irish Bank , pay off the mortgage etc. Is this possible?
If you intend to re-mortgage then Allied Irish Bank will insist on your using a conveyancer on the Allied Irish Bank conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Allied Irish Bank conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Allied Irish Bank mortgage is registered as a charge at the Land Registry.
I had instructed online conveyancers based in London who are on the Allied Irish Bank solicitor panel. They are now charging me a separate fee of £175 for dealing with the Allied Irish Bank mortgage. Is this a supplemental conveyancing fee set by Allied Irish Bank?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitors can charge a fee for this. This fee is not set by Allied Irish Bank but by your lawyers. Some firms on the Allied Irish Bank will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
My wife and I have arranged a further advance on our mortgage from Allied Irish Bank as we wish to carry out a loft conversion to our home. Do we need to appoint a solicitor on the Allied Irish Bank conveyancing panel to deal with the legals?
Allied Irish Bank would not normally appoint a member of their conveyancing panel to deal with such a matter. If they did require any legal work then you would need to ensure that such a lawyer was on the Allied Irish Bank panel
We were going to get a DIP from Allied Irish Bank this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc).Do the Allied Irish Bank recommend a solicitor on the Allied Irish Bank conveyancing panel, or is it better to go independently
You will need to appoint solicitors independently although you'll need to choose one on the Allied Irish Bank conveyancing panel. The solicitor represents both you and the Allied Irish Bank through the process.